Economic news

Bitcoin rises above $7,500 despite market turmoil

Bitcoin is back, rising to its 9-month high above $7,500, registering more than 20 percent jump in a week. The cost of the most popular digital currency - Bitcoin - on Sunday exceeded $7,000 for the first time since October 2018.

cryptocurrency lifts 1305Photo: Pixabay

The Bitcoin value on Monday rose by 2.72 percent, to $7,357 on the largest cryptocurrency exchange Binance.

At the same time, the cost of other varieties of digital currency is also increasing, for example, Ethereum added 1.98 percent to $193,99, Ripple edged higher by 4.90 percent to $0.328, Litecoin added 1.5 percent to $88,04, and Bitcoin Cash increased its value by 2.19 percent to $367,90 at 13.51 GMT on Monday.

 According to CoinMarketCap service, the cryptocurrency market capitalization currently stands at $211,405 billion. Bitcoin accounts for approximately 59,1 percent of the whole market.


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