Bitcoin exchange rate exceeds $16,000

On November 13, the Bitcoin rate exceeded $16,000, the capitalization of the main cryptocurrency exceeded $300 billion. 

The last time Bitcoin was worth more than 16 thousanddollars three years ago, in January 2018. Over the past month, Bitcoin has risen in price by 40%. Experts believe that investors prefer digital assets amid the uncertainty in the global economy. And the news from PayPal that from November 12 you can buy, sell and store cryptocurrency directly through the payment service, became one of the catalysts for the jump.

Also in favorthe cryptocurrency market is still playing the actionworld central banks. Regulators in many countries are cutting interest rates, inflationary risks are growing, and investors are converting some of their assets into cryptocurrencies.

Let us recall that in 2017, in less than six monthsBitcoin has risen in price almost tenfold, the cost of the cryptocurrency has increased from 2.5 thousand to 20 thousand dollars. From January to December 2018, the price fell by 80% to the level of 3-4 thousand dollars. 

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