The price of Bitcoin, the most popular currency in the crypto currency, is once again rising rapidly.
It has now reached $41,739. This is the highest level since May this year.
The price has increased for the 11th consecutive day
The price of bitcoin has risen for the 11th day in a row. It once crossed $ 42 thousand 606 yesterday. But closed at 41,739 at the time of closing. On May 18, the price of bitcoin was at this level. Bitcoin experts believe that the way it is gaining momentum, it means that it will be in a bullish trend going forward.
Slight gains in other crypto currenciesHowever, along with this, other crypto currencies are trading with a slight increase. This is because some institutional buyers are taking it. Also companies like Tesla and Amazon are planning to accept it. Experts say that if bitcoin is stable at this price then it is good. Either it can cross the level of 20 May. Its price on May 20 was $ 42,541.
The price of bitcoin had crossed 65 thousand dollars in April. Since then its prices have continued to fall. However, some analysts have also warned that there could be a sharp decline in the price of bitcoin. He has asked investors to be careful. Retail investors are taking a significant interest in the bitcoin business, but institutional investors are wary.
On last Monday i.e. July 26, the price of bitcoin had crossed 39 thousand 544 dollars. The world’s oldest crypto currency saw the fastest growth on July 25. Its uptrend started on 21st July and continues till date. It has seen an uptick in the last 24 hours. Its market cap has seen an increase of 11.53 per cent in this rapid. Its market cap has grown to $721.49 billion.
Amazon said – decision on taking payment in bitcoin by the end of the year
Amazon has said that it will take a decision on accepting payments in bitcoin by the end of this year. Also it can start its own token from 2022. At the same time, the big tech finance players of America are also helping to increase the price of bitcoin. Big investors had talks with Tesla’s Elon Musk last week. It is also expected that some more companies may accept it as payment.