Bitcoin The price (BTC) shows signs of recovery after a short two week period when 17% of the cryptophone value was canceled.
Bitcoin (BTC) is gaining profits
On Wednesday morning, the bitcoin grew by 13% in the previous 24 hours and at the time of writing reached $ 4,209. As usual, another krypto coin XRP 11.34%, Ether 13.24% and Bitcoin Cash increased by 8.43%. This is Bitcoin's biggest daily jump since July. It should be noted, however, that the crypto currency recorded a 82% decrease a week ago, which is almost $ 20,000 a year.
Crypto coins, such as Bitcoin, are deducted using powerful computers that compete with each other to get games that are defending numbers that are heavier than the end of each round. This process is expensive in terms of both computing power and power consumption. That's why Bitcoin has an impact on the environment and the rate of profit – and other crypt-money minersin a place where they do not want to continue creating.
Mohamed El-Erian: I think the crypt of the currency will always exist. Moh
Starting this year, several analysts predicted a $ 8,000 mining margin for bananas. Before the last collapse, encryption the currency traveled over an average of $ 6,000 for some time, so it's in a dangerous zone for a while.
Mohamed El-Erian, chief economist at Allianz, however, attended a conference Tuesday. encryption says he believes the money will stay with us despite the stagnation and return of individual investors. Mohamed El-Erian adds:
in my opinion encryption currencies will always exist, will be expanded, but will become part of the ecosystem. But they will not be as dominant as some advocates think.
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