Cryptocurrency

Bitcoin Price Reaches $36,000 as ETC Increases By 30%

Bitcoin Price Reaches $36,000 as ETC Increases By 30%

Bitcoin Price Reaches $36,000 as ETC Increases By 30%

  • The Bitcoin price has increased for the second straight day as the flagship cryptocurrency reached $36,000
  • The rise in the value of the coin was influenced by news that Mexican billionaire Ricardo Salinas Pliego was pushing his country to accept the cryptocurrency
  • The price of altcoins are also up as Ethereum Classic increased by 30% in the last 24 hours

Bitcoin price has increased to $36,600 following a second successive day of bullish movement.

Bitcoin Price

The price of the coin was influenced by news that Morgan Stanley shares of Grayscale Bitcoin Trust on Tuesday.

Additionally, Mexican billionaire Ricardo Salinas Pliego encourage his Twitter followers to embrace the cryptocurrency.

He also revealed that he was in the process of pushing the North American country to accept Bitcoin.

It’s been a rocky past few months for the crypto world, with Bitcoin losing more than 50% of its value since May.

The flagship cryptocurrency fell from an all-time high of above $64,000 to $28,000 only last week.

Read also: Mark Zuckerberg Now Worth $132 Billion as Facebook Hits $1 Trillion Valuation

Following Bitcoin price increase recently, altcoins have also been on the rise.

Ethereum is currently up by 5.5% in the last 24 hours while Ethereum Classic has increased by over 30%.

At the time of this report, Bitcoin is trading at $36,200 and the crypto market cap is at $1.47 Trillion.

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