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Bitcoin rises in price on positive news in the industry

UNITED STATES (OBSERVATORY) –┬áThe most popular crypto currency in the world bitcoin (bitcoin) on Friday is growing in price on news about new investments in the crypto-currency sector, according to the data of the auctions.

According to the portal CoinMarketCap, as of 10.00 Moscow time, bitcoin went up by 4.1% – up to 9.25 thousand dollars. At the Bitfinex exchange, the crypto currency grew in price by 4.54% – up to 9.23 thousand dollars, for OKEx – by 4.48%, to 9.23 thousand dollars.

Alternative crypto currencies also become more expensive: Ethereum – by 4.14%, to 656.5 dollars, Ripple – by 3.87%, to 0.84 dollars, Bitcoin Cash – by 3.29%, to 1388.24 dollars. According to CoinMarketCap, the market capitalization of the Crypto-currency is currently 414.22 billion dollars. Bitcoin accounts for approximately 38% of the entire crypto-currency market.

On Thursday, the London-based Fintech-company Revolut raised $ 250 million in the last round of investments. The main investor was the Yuri Milner Fund DST Global. As a result of the last round of investments, Revolut received an estimate of $ 1.7 billion.

According to the founder of the information portal on Cryptocompare crypto currency Charles Heter (quoted by MarketWatch agency), this news indicates that venture capital money is gradually coming to the industry of crypto-currency and financial technologies.

According to the information on the company’s website, Revolut is a mobile application tied to a multi-currency card (more than 150 world currencies are available for conversion). In the application, you can also exchange Bitcoin, Ethereum and Litecoin crypto currency at a rate lower than, for example, on the Coinbase and eToro exchanges. Revolut still works only in the European market, but plans to expand this year to the US, Canada, Singapore, Hong Kong, Australia and New Zealand.