Bitcoin price to highest level in 3 weeks

After days of plunging because of the impact of the conflict in Ukraine, prices Bitcoin rose 5.6% to $43,337, the highest level since March 3. Meanwhile, the value of cryptocurrency Ether also benefited, rising 5.4% to its highest level since Feb. 17.

Since Russia launched a special military operation in Ukraine on February 24, the price of Bitcoin fell to $ 34,324 and to date, the value of this currency has increased by more than 26%. Market observers say that the recovery of cryptocurrencies follows the same trend in the stock market, but with a stronger speed.

According to analysts, the increase in Bitcoin’s value without a catalyst from “special news” could be because investors want to explore more risky assets.

Earlier, the founder of the global investment firm Skybridge Capital, Anthony Scaramucci, forecast that the world’s most popular cryptocurrency Bitcoin will be in more than a billion wallets by the end of 2025.

Mr. Scaramucci also noted that the number of users of this currency will reach 2.5-3 billion people in the next decade.

Bitcoin crosses the $40,000 mark

VTV.vn – The world’s largest cryptocurrency – Bitcoin – suddenly surged, surpassing the threshold of more than $41,000, after the Fed decided to raise interest rates.

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