Bitcoin has risen in price again

25.01.2022,17:45


January 25, Fineko/abc.az. The price of bitcoin has risen again after falling to a 7-month low.

ABC.AZ reports that on Binance, the largest exchange on which cryptocurrencies are traded, bitcoin has risen by 9.95% over the past day, to $36,531.

Last week, the price of bitcoin fell below $33,000 for the first time since July 2021. Thus, bitcoin, which has been in circulation since 2009, has fallen in price more than by 50% for the 8th time.

The main cause of this is the expectation that in the near future the US Federal Reserve System (FRS) will tighten monetary policy and raise the base interest rate.