Bitcoin over 10.000 dollars for the first time this year


The 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.

Bitcoin

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 the Libra, earlier this week.

Libra may be a bitcoin competitor, but its announcement brings added legitimacy to the overall encryption market.

Also, as the world's most valuable cryptocurrency, bitcoin is often used as a medium of exchange among other cryptocurrencies - as is the case with the US dollar, which is 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.

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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.


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