Bitcoin has grown by more than 10% yesterday

Cost cryptocurrency Bitcoin (BTC) rose to $ 8,000 in the course of trading on Thursday, then staggered back a bit. It is interesting and important for two reasons. First, even a 10% increase in Bitcoins greatly increases the total capitalization kriptovalyutnogo market, from 280 to 310 billion dollars, that's a lot. Secondly, it could mean the beginning of a new bull market, which everyone is waiting for a very long time.

Bitcoin has grown by more than 10% yesterday

Kriptovalyutny market is going through cycles of ups and downs, which are accompanied by joy and depression, respectively. Yesterday Bitcoin holders received a charge of optimism when the BTC price rose to $ 1,000 in just a half an hour. This is the highest rise since the end of March and the 11 percent growth per day.

Bitcoin has grown by more than 10% yesterday

In spite of the green arrows on the charts, the end of March and beginning of April were quite gloomy for the owners of the "digital gold". News heralded "death of the cue ball," "bursting bubble", "death cross", but nothing happened. The cause of the new growth is called the lifting of the ban on the possession of Bitcoins under Sharia law, which opens the market for 1, 6 billion people, as well as the entry of large institutional investors in the market. The intention to invest in cryptocurrency recently revealed George Soros, for example, followed by the family Rockefellers and the Rothschilds.

This news could support the further growth of Bitcoin. Most alternative cryptocurrency also supported the growth leader (BTC market share - 42%).