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Bitcoin price surpasses $ 14,000 for the first time since January 2018

Business and Finance

Bitcoin surpassed the $ 14,000 mark this afternoon and beat the January 2018 rate.

Bitcoin price surpasses $ 14,000 for the first time since January 2018

For the first time since January 2018, the bitcoin rate has exceeded $ 14 thousand. During trading, the value of the cryptocurrency reached $ 14,100, according to the data of the largest exchange Binance. The currency is currently trading at $ 13,795, which is 2.58% higher than its opening price.

Last week, the bitcoin rate approached 13 thousand dollars against the background, in particular, against the background of news from the PayPal payment system, which announced the start of work with cryptocurrency. The weakening dollar also influenced the rise in the rate.

In total, Bitcoin has risen in price by 26 percent this month. At the same time, analysts of the US bank JPMorgan believe that the cryptocurrency should cost 13 percent less.

Bitcoin mining profitability has grown by 20% over the past week, almost returning to its October highs.

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