The price of bitcoin rose to $51,800. Ethereum is trading around the $3,900 mark, and the XRP price has reached $1.39. The total capitalization of the digital currency market was $2.35 trillion.
The bitcoin exchange rate continued to grow with the beginning of the new week and came close to the level of 52000. This is another local maximum, which the first cryptocurrency managed to reach since the rollback from the record levels of about $65,000 in May. Relative to the June lows, the growth is over 80%. Now traders are interested in the question of whether the cryptocurrency will be able to gain a foothold above a psychologically significant level. The market is rising against the background of reduced trading volumes. When bitcoin was trading at comparable levels the previous time, the daily turnover of its market was 50-80 billion, and now only 33 billion dollars. The issuer of the stablecoin Tether this morning added a billion new USDT to its reserves. This amount will be used as reserves for processing requests for the issuance and exchange of tokens between the chains during the next period. And also this week, the law on the recognition of bitcoin as legal tender in El Salvador comes into force. Despite criticism from the International Monetary Fund and the opposition, the government decided not to abandon the plan announced at the beginning of the summer. Meanwhile, the bitcoin hashrate continued to recover. During the next recalculation, which will take place in less than two days, the complexity of mining should increase by 2.55%, which will be the fourth episode of growth in a row.
The forecast expects further growth of bitcoin to the levels of 52000, 52500 and 53000 dollars. Ethereum will reach the price values of 3930, 3950 and 4000 dollars, and XRP-the levels of 1.40, 1.42 and 1.45 dollars.