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After falling from a record high, Bitcoin rose again during trading on Saturday, as it rose 1% in the last few hours to hit $ 47,760. Its total market value was $ 889.3 billion.
In a recent research note, GBMorgan Chase Bank said that “customer demand for Bitcoin” has not reached a noticeable level so far, indicating that this will change at some point.
“If the asset class evolves over time to be used by a variety of asset managers and investors, we will need to participate in it,” he said, according to CNBC.
According to the “CoinMarket Cup” website, the combined market value of cryptocurrencies rose 3%, gaining $ 43.2 billion, after rising from the level of $ 1,439 billion at the end of Friday to 1,482.2 billion dollars in Saturday morning. .
Bitcoin, which is the most powerful and widespread in the digital currency market, has risen in terms of market value to its all-time high of $ 48,000 during transactions, supported by growing demand for it from large corporations. institutions.
After the US company Tesla announced that it had invested $ 1.5 billion in Bitcoin, the MasterCard company announced its intention to allow its customers to process certain cryptocurrencies. Bank of New York Mellon also revealed that with increasing consumer demand for Bitcoin, it has decided to provide services for cryptocurrencies.
At the start of trading today, Saturday, the currency “Ethereum” rose 4.5% to $ 1,835. While the total market value has reached the level of 211.5 billion dollars.
Currency “Tizer” rose 0.19 percent to $ 1, while its total market value reached the level of $ 31.6 billion.
Cardano rose 0.56% to $ 0.909. While the total market value registered the level of 28.4 billion dollars.
As for the currency “X-Ripple”, it recorded a big jump of 11.25% to the level of $ 0.624. Its total market value increased by $ 28.2 billion.
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