Bitcoin rate exceeded $ 16,000

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Bitcoin’s course on November 13 exceeded $ 16,000, the capitalization of the main cryptocurrency exceeded 300 billion dollars.

The last time Bitcoin cost more than 16 thousand dollars three years ago, in January 2018. Over the last month, Bitcoin rose by 40%. Experts believe that investors prefer digital assets against the background of 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, has become one of the ripe catalysts.

Also in favor of the cryptocurrency market, the actions of world central banks are still playing. Regulators of many countries reduce interest rates, inflation risks grow, and investors translate part of assets in cryptocurrency.

Recall that in 2017, in less than six months, Bitcoin went up in price almost ten times, the cost of cryptocurrency increased from 2.5 thousand to 20 thousand dollars. From January to December 2018, the price collapsed by 80% to 3-4 thousand dollars.

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