Crypto markets have responded to a statement by Chinese President Xi Jinping about the country's new course on the use of blockchain technology that underlies cryptocurrencies.
Asian bitcoin market broke through tonightthe psychological level of ten thousand dollars for the first time in two weeks. The largest cryptocurrency has grown by 40% compared to the Thursday session, during which the asset price has 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 recentlystated that China should focus on accelerating the adoption of the blockchain architecture to ensure its use in financial transactions, saying that promising technology could lay the foundation for solving the problems of the real economy. Xi stressed that the country should "take a leading position in the still emerging blockchain industry."