Bitcoin Climbed To Its Highest Level Since November
Bitcoin climbed to its highest level since November, as new options related to the digital currency were strengthened by the opening of new options.
The world’s largest digital currency, Bitcoin, was released early Tuesday by CME Group Inc. Bitcoin increased 5.5 percent to $ 8,574 with the launch of 54 options. Following a basket of digital coins, the Bloomberg Galaxy Crypto Index climbed up to 5 percent, with broad-based gains including competing for crypto coins Ether, XRP and Litecoin.
‘Vijay Ayyar, business development manager at Luno, the crypto stock exchange in Singapore, said prices are generally upward, and new transactions at CME probably supported this.
Ayyar, “The last rally, based on a long downward movement until August, then seems to be a break. Earnings, Bitcoin, the first time higher than the previous point of the 9,500 dollars can not break the level, will remain volatile,” the opinion said.
Bitcoin rose nearly 20 percent in the first two weeks of the year. In 2019, Bitcoin rose first with the optimism that came with Facebook Inc.’s Libra cryptocurrency project, and then spent a fluctuating year, falling worries that this project could lead to more doubts and more intense supervision.