The cryptocurrency jumped in Genesis on Tuesday to its highest level in nearly five months, continuing an upward trend to raise its gains by almost 50 percent this year.
The world's largest cryptocurrency rose 4.6 percent to $ 10,300, its highest level since the nineteenth of September, before retreating slightly to $ 10250 in late trading.
It was not immediately clear why this jump. Cryptocurrency traders pointed to a continuous momentum of Bitcoin that started in January when the United States killed Qassem Soleimani, commander of the Qods Force, with the Iranian Revolutionary Guard, which sparked a wave of sales in traditional markets.
Investors also attributed the cryptocurrency gains to a 50 percent drop in expected bitcoin production in May, as a driver of demand.
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