Bitcoin suddenly back above $4000 – Here’s why

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Bitcoin suddenly back above $4000 – Here’s why

Unlike last week, the price of bitcoin overcame $ 4000 barrier and gained 4%. Forbs determines following factors for price rise:

  • Bitcoin Trade volume has reached $11 billion showed same value as it was when price depicted to be $8000.
  • Investors are not losing interests in Bitcoin as it remains the world’s largest cryptocurrency by market capitalization. The reason for this is the largest trading volume during the last 12 months.
  • The price of bitcoin has increased by 11% compared to February and there are also predictions about price rise.

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