Crypto markets reacted to the statement of Chinese President Xi Jinping about the country’s new course to useblockchain technology that underlies cryptocurrencies.
Asian Bitcoin market broke tonightpsychological level of ten thousand dollars for the first time in two weeks. The largest cryptocurrency rose 40% compared to Thursday's session, during which the asset price actually reached its lowest point since early May.
According to analyst Alex Krueger, the last time such a sharp daily rise in the price of military-technical cooperation was observed on January 14, 2015.
It is worth noting that BTC showed the best growth rates among other cryptocurrencies, which also grew by more than 12 percent in the last 24 hours.
In the morning, the price of bitcoin was slightly adjusted, and at the time of writing, the asset is trading at $ 9.429.
As previously reported, President Jinping recentlysaid China should focus on accelerating the adoption of blockchain architecture to ensure its use in financial transactions, saying the promising technology could lay the foundation for solving problems in the real economy. Xi emphasized that the country must “take a leading position in the still emerging blockchain industry.”
