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Incredible surge for Bitcoin which is now worth more than Facebook



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Incredible surge for Bitcoin which is now worth more than Facebook


A recovery as sudden as it is sudden for Bitcoin which, after the negative peaks of the past few weeks, is now above $ 50,000. The market value is even higher than that of Facebook.

The roller coaster called Bitcoin

Another ride on the cryptocurrency roller coaster. After the recent collapses, a new and sudden surge arrives. Leading the recovery is precisely Bitcointhe price of which is exceeding i $ 50,000. To communicate it is the Independent, which also makes it known that the price increase has meant that BTC today has a market value higher than that of Facebook.

BTC still remains more than $ 10,000 from its all-time high of $ 64,000, reached in mid-April this year. Many analysts believe the record could be hit again by the end of the year.

Other cryptocurrencies are also recovering, such as Ethereum (ether), Binance Coin, Solana (SOL), Ripple (XRP) and dogecoin. All highlighted increases between 15 and 30% since the beginning of October.

As China and the US close, Switzerland tries to capitalize

The latest price hike comes after several months of volatility, spurred by political moves on cryptocurrencies. On the one hand, China’s decision to ban them, on the other, the controversial US law that would require a tax return on cryptocurrencies. All moves that could only affect the market, as confirmed by us Jonas Luethya seller of the GlobalBlock broker:

“News of this type causes a short-term pullback in the market, but does not affect the fundamentals in the medium and long term”

Meanwhile, the increase in the price of Bitcoin was also welcomed by an announcement from the Swiss financial regulator. The latter approved the first cryptocurrency investment fund in Switzerland.