UNITED STATES (VOP TODAY NEWS) — Bitcoin on Monday reached the highest level in more than a year against the US dollar, retaining the gains achieved through a high level of activity during the Asian trading session.
At 14:05 Bitcoin rose in price by 8.5% to $ 8,702.30, according to the Investing.com index. As usual, there was no one obvious factor that would have caused this sharp strengthening, which occurred within half an hour during the Asian trading session.
Trade in the US and the UK is expected to be sluggish, as markets there are closed for weekends.
Bitcoin has dropped significantly in price since the beginning of this year, gaining 140%. Everything goes to the fact that May will be the best for Bitcoin in almost two years, as the news indicates the growing interest of mainstream companies in cryptocurrency. Nevertheless, Bitcoin is still far from the $ 19,000 level reached in 2017.
According to media reports, Facebook (NASDAQ: FB) plans to create its own digital currency, although it is rumored that it will be a “stablecoin”, backed by the US dollar, and not by computing power.
Meanwhile, Fidelity Investments is finalizing plans for buying and selling digital assets for institutional clients, and HTC launched a phone that can store cryptocurrencies.
The American telecommunications giant AT & T (NYSE: T ) plans to allow its customers to use the BitPay payment system to pay online bills, although again there are no reports that the price of services will be fixed in something other than dollars.
Other cryptocurrencies also increased in price: Ethereum rose by 6.9% to $ 266.39, XRP went up by 7% to $ 0.40928, and Litecoin jumped in price by 11% to $ 113.78.
This article is written and prepared by our foreign editors writing for VOP from different countries around the world – edited and published by VOP staff in our newsroom.
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