Sunday , October 24 2021

Bitcoin flew after Libra announced


Encryption currency introduced by Facebook lbcontinues its development with the support of large companies. Although there is some time to release, the first effect before the release Bitcoin reflected in.

encrypted currency pound bitcoin

Bitcoin value exceeds $ 11,000 after Pound ads

Bitcoin's value surpassed $ 11,000 on Saturday morning. According to Coindesk's Bitcoin Price Index, the currency market now stands at $ 193.6 billion, as a result of the price increase. It was interpreted as a sharp increase compared to Bitcoin's $ 7,600 price on June 9.

The biggest difference distinguishing Libra from Bitcoin is that its value resembles a fixed currency, which must remain reasonably consistent. Facebook has announced that the encrypted currency will be backed by low-value assets such as bank deposits and short-term public bonds within currencies of stable and respected central banks. The purpose of the company is to create a block currency that is basically comparable to the traditional currencies used by many people.

Passing the $ 11,000 level is likely to make Bitcoins owners happy anyway. Bitcoin's encrypted currency amounted to about $ 19,000 in 2017. Bitcoin, which rose to $ 11,190 in the last 24 hours, failed to return to its former glory, but showed that at least part of the crypto-currency market was open for the future.

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