Since September 29, the cost of the first cryptocurrency has grown by 39%, from a local minimum of $ 40.7 thousand.
On the morning of October 11, the bitcoin rate renewed its four-month high. As of 9:40 am Moscow time, the first cryptocurrency is trading at $ 59.6 thousand, over the past day it has risen in price by 2%. The asset's market capitalization reached $ 1.07 trillion with daily trading volumes of $ 40 billion, according to CoinGecko.
The last wave of growth in the value of bitcoin started on September 29, when it dropped to a local minimum of $ 40.7 thousand.Since then, the growth of the rate of the first cryptocurrency has reached 39%.
The historical maximum of the bitcoin price ($ 64.9 thousand) was set in April of this year. Until the record level is renewed, the asset still has to rise in price by another 14.5%.
Earlier, the head of Galaxy Digital, Mike Novogratz, predicted an active growth in the crypto market until the end of the year. Novogratz believes that in the fourth quarter the price of bitcoin is able to renew its historical maximum and reach levels of $ 80 thousand and $ 100 thousand. The investor named the reason for the large influx of funds into the digital assets industry.