Bitcoin Is Climbing Up To $8,000 Mark
Bitcoin is continuing its increase even today on Tuesday. The largest cryptocurrency climbed up to $8,000 for the first time in two months.
Over the period of Hong Kong trading hours Bitcoin jumped as much as 4.1 per cent to as high as $8,016.62 which is the top mark since May. Competing tokens Ether, Litecoin and Ripple also revived.
Taking into account the recent gains, the total value of cryptocurrencies globally is once again approximating $300 billion, – this is the latest data from Coinmarketcap.com. However, Bitcoin is 60 per cent down its maximum value of almost $20,000 in December.
The condition of Bitcoin and other cryptocurrencies have changed in July when BlackRock, the world’s largest asset manager, has formed a group to examine if there are any ways or methods to take benefit of the market and its basic blockchain technology. Bitcoin has risen almost 30 per cent in so far that news was first announced on the public.
The cryptographic money space has generally battled the current year, as the industry struggles with expanded regulatory scrutiny all over the world and for security, which is under the danger because of hacker attacks.