Total value of bitcoins exceeds limit of ten billion dollars

Jun

13

2016

At the weekend, the total value of all bitcoins being increased in circulation to over ten billion dollars, which is equivalent of some 8.8 billion euros. The price of the virtual currency after two years again to a peak average of 610 euros.

On some platforms, the price rose on Sunday over 640 euros, as reported to the Dutch business newspaper FD. The reason for the price increase of 40 per cent within a month, according to several sources, the fact that many Chinese buy the virtual currency. The price on Chinese exchanges is higher than in other bitcoinbeurzen. Chinese are afraid of a crisis in its own economy and hope in bitcoin to put their money safe.

Bitcoin was last in November 2013 to a peak, when the value was about $ 1124. Then the value dropped again and remained hanging between 200 and 300 dollars. In a little less than a month will also be the number of bitcoins per block halved from 25 to 12.5. This is also a possible factor in the rise in price, because it proceeds from mining deteriorates.

bitcoin rate may June 2016

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