Bitcoin price exceeded $ 16,000
The bitcoin rate on November 13 exceeded the $ 16,000 mark, the capitalization of the main cryptocurrency exceeded $ 300 billion.
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The last time Bitcoin was worth more than $ 16,000 was three years ago, in January 2018. Over the past month, Bitcoin has risen in price by 40%. Experts believe that investors prefer digital assets amid the uncertainty in the global economy. And the news from PayPal that from November 12 you can buy, sell and store cryptocurrency directly through the payment service, became one of the catalysts for the jump.
Also, the actions of world central banks still play in favor of the cryptocurrency market. Regulators in many countries are cutting interest rates, inflationary risks are growing, and investors are converting part of their assets into cryptocurrencies.
Recall that in 2017, in less than six months, bitcoin has risen in price almost tenfold, the cost of the cryptocurrency has grown from 2.5 thousand to 20 thousand dollars. From January to December 2018, the price fell by 80% to the level of 3-4 thousand dollars.