The price of Bitcoin, according to CoinDesk, on Friday was $64,739.04, which is 5% higher than the previous day.
Bitcoin price rose above $64 thousand on April 19 after falling below $60 thousand, reports CNBC News.
According to CoinDesk, the price of Bitcoin on Friday was $64,739.04, which is 5% higher than the previous day.
Cryptocurrency Ether rose more than 3%, and Solana gained almost 10%.
It is noted that volatile trading is taking place on the eve of this week’s upcoming split.
Splitting is when the reward for Bitcoin miners is divided. It happens every four years and is written in the Bitcoin code. The result of this is the weakening of the supply of Bitcoin in the market.
Cryptocurrency prices were reportedly affected by Iran’s attack on Israel over the weekend. On Saturday, Bitcoin hovered around $70,000.
However, there are other factors influencing Bitcoin.
According to Amina analysts, miners are selling Bitcoin in anticipation of a rate drop. Since splitting reduces their rewards, some transactions may become unprofitable. Therefore, miners try to strengthen their balances.
We remind you that in January the United States took an important step towards legalizing Bitcoin. The SEC allowed fund industry heavyweights BlackRock, Invesco and Fidelity to compete with smaller rivals including Valkyrie to begin trading. After that, the price of the cryptocurrency began to rise rapidly.
As reported, Bitcoin reached an all-time high in March, surpassing $70 thousand.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.