While the tensions between China and the United States caused stocks to follow a fluctuating path, Bitcoin continues to increase its value.
Stocks, the US and China have fluctuated due to a rebound of tensions, while cryptocurrencies attracted investors with a second chance.
The Dow Jones Industrial Average has experienced a very turbulent process over the past five days and ultimately lost 1,000 points. On Monday, China announced plans to increase its customs duty on the US $ 60 billion worth of goods, causing Dow Jones to drop 562 points.
Meanwhile, Bitcoin, however, experienced an increase of 7% during the past week, while it saw a 30% increase over the past week. According to the news CoinDesk’e Bitcoin’nın value of $ 5,760 to $ 7,860 at the moment. In addition, other major cryptocurrencies gained value on Monday.
Bitcoin is in an upswing. Crypto money has managed to surpass the threshold of $ 4,000, $ 5,000, $ 6,000 and $ 7,000 since January 1, while steadily increasing its value throughout the year.
Bitcoin has not seen such high values since last July. In addition, crypto money has doubled in value since mid-December. Bitcoin saw the highest value in 2017 as it reached $ 20,000 in December.
The most valuable 10 cryptocurrencies as of now and the price is as follows:
Bitcoin: $ 7,860
Ethereum: $ 202.48
XRP: $ 0,327701
Bitcoin Cash: $ 393.04
Litecoin: $ 91.19
EOS: $ 5.71
Binance Coin: $ 23.55
Tether: $ 1.01
Cardano: $ 0,075812
Stellar: $ 0,102127
Note: Ranking of cryptocurrencies is based on market values.