The price of Bitcoin continues to increase. The price of the most famous crypto is now approaching US $ 50,000.
Launching CNBC, Monday (23/8/2021), on Saturday afternoon in New York the price of Bitcoin had been at the level of US $ 49,821. But on Sunday Bitcoin was at the level of US $ 48,876. While today Bitcoin is at the level of US $ 49,850
This positive trend occurred after Bitcoin moved in the range of US $ 30,000 and US $ 40,000 for the last few months. That position has dropped from a record high of nearly $65,000 in mid-April.
Ethereum, too, is on the rise. It recently hit $3,295 on Saturday morning, according to Coinbase.
The number of individual investors dive into cryptocurrencies globally has increased significantly over the past year. According to Chainalysis, a blockchain data company, global crypto adoption rose about 881% in the past year.
The global cryptocurrency market cap stood at $2.16 trillion as of Sunday, according to data from CoinGecko.com, and cryptocurrency trading volume on the last day was $109 billion.