The growth of Bitcoin for the fifth consecutive day was explained by the data of the consumer price index in the US, which turned out to be lower than expected.
The exchange rate of the world’s most popular cryptocurrency, Bitcoin, rose slightly, its value crossing the $25,000 mark for the first time since mid-June. Bloomberg reported this.
The price of the cryptocurrency rose 2.2% to $25,031 in the first hours since the start of trading on August 14. At 6 am New York time, the price was $24,750.
The growth of Bitcoin for the fifth consecutive day was explained by the data of the consumer price index in the US, which turned out to be lower than expected. The value of the cryptocurrency is still 46.5% below its price at the beginning of 2022.
Another cryptocurrency, Ethereum, rose 2% to $2,030, topping $2,000 for the first time since May 31 on optimistic forecasts for the completion of a long-awaited software update to its blockchain, known as Merge.
Earlier, the value of Bitcoin fell to the lowest since December 2020 – $19,040.
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Source: korrespondent
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