Η price of Bitcoin went up over 10.000 dollars for the first time since the beginning of 2018, a new milestone in the history of the virtual currency for 2019.
The price has tripled since last December that was around 3.200 dollars. This happened after a sharp descent when 19.500 had reached him December of 2017.
As always, it is difficult to tell what causes changes in the bitcoin value. But an obvious reason can be Facebook announcement for its own virtual currency, called Libra, earlier this weekteam.
Libra may be a bitcoin competitor, but its announcement brings additional legitimacy to its overall market encryptions.
Also, as the world's most valuable cryptocurrency, bitcoin is often used as a medium of exchange between other cryptocurrencies – just like the US dollar. USA used as a benchmark for world trade.
So, the release of the new digital currency by Facebook next year could boost the value of Bitcoin.
The rise of Bitcoin is part of a wider explosion in the coin-currencies. Ether, the currency of the Ethereum network, is now worth more than 290 dollars, a record for 2019. At the same time, the Bitcoin Cash, Litecoin, Monero, and Dash digital coins are all at the highest prices of 2019.
