On April 27, Bitcoin set a new major high against the US Dollar at 1331 USD. This was a 2,7% increase in a matter of day. Sine early 2017, Bitcoin has already appreciated by more than 30%.
Bitcoin continued its rally even despite the fact that the amount of Bitcoin transactions in China dropped as the results of tougher regulation in order to curb the shady turnover.
Another piece of news is that the overall capitalization of 100 cryptocurrencies has increased all the way up to a stunning 32,8 billion dollars, according to Coin Market Cap.
At the same time the international community is discussing the fact that Bitcoin has become so popular around the world that some governments are now thinking about making Bitcoin a legal means of payments in their countries. Some of them did it already. Japan did it in early 2017. In 2013, a US Court recognized its legal status. The Russian Federation is also thinking about making Bitcoin legal.
Bitcoin came into existence in 2008. It was created by a team of programmers led by a guy named Satoshi Nakamoto (they say this is a pseudonym).
By the way, for the first time in history, 1 Bitcoin costs more than a troy ounce of gold.
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