The cost of bitcoin exceeded 17 thousand dollars

According to the portal CoinMarketCap, the cost of bitcoin was 17755 dollars. Cryptovalyuta came close to this mark for the first time since 2017.

The cost of bitcoin exceeded 17 thousand dollars and reached a three-year high. Growth was 7% to 17,891 dollars, the highest level since December 2017. Experts explain the growth of digital currency by the fact that it is subject to sharp jumps because of the coronavirus pandemic.

BBC analysts noted that the pandemic had prompted investors to reconsider the long-term prospects for Bitcoin and other cryptovalues. However, they still fear that bitcoins may become part of fraudulent and criminal schemes, which will reduce their value.

According to the portal CoinMarketCap, which calculates the average price of more than 20 exchanges, at the time of writing the news it was worth $ 17755. At the largest by volume of trading in crypt currencies Binance – 17845 dollars.

The pandemic affected traditional trading, so clients began to pay more attention to the crypt currency. “Periods of extreme risk aversion have forced many traders to diversify towards bitcoins,” said Edward Moya of Oanda trading firm.

Starting October 26, all PayPal users in the United States can officially buy and sell bitcoins and other digital currencies on the platform. The service notes that the crypt currency can be used to pay for goods at more than 26 million sites that cooperate with PayPal.

However, they will not receive payment at Bitcoin, Ethereum or Litecoin. Instead, PayPal will pay in local currency – in this case, dollars.

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