The average market price of the first cryptocurrency in US dollars reached a six-week high of $71,650 after a daily increase of more than 7%. According to CoinMarketCap, the first new local record was set in the local currency of the Japanese cryptocurrency market.
The result was a consequence of the weakening position of the yen against the US dollar, explain CoinMarketCap specialists. According to the results of the trimester, the exchange rate of Japan's national currency fell by more than 10%.
Columnist Thomas Fahrer notedthat the cryptocurrency market of at least 12 countries, including the UK, Australia, Canada, Chile, Colombia, Egypt, Israel, Norway, India, South Korea, Taiwan and Turkey, showed an increase in prices for BTC in national currencies, commensurate with the historical peak prices of the middle Martha.
According to analysts at Santiment, at the beginning of the week large investors resumed purchasing bitcoins, which led to a jump in market prices to a monthly high.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
