The cryptocurrency market is in the green today and is seeing an increase in value, with Bitcoin hitting its highest level since May.
In the last 24 hours, according to CoinDesk, the value of bitcoin has increased by 4,77 percent and is currently trading at a price of 45,27 thousand dollars.
Ether is worth 3,18 thousand dollars and recorded an increase in value of 7,69 percent, reports Blic.
Other cryptocurrencies also recorded growth. The value of piplo has increased by 9,68 percent and its price is just under one dollar, while cardano is worth $1,48, which is an increase of 3,45 percent.
This is Bitcoin's highest level since May.
Cryptocurrency experts said the rally was driven by sharp selling in May and two months of consolidation above the $30k support level.
In the world of banking, the news that JPMorgan is entering the world of cryptocurrencies by offering its clients to invest in one of the six crypto funds, has had a positive impact on the cryptocurrency market.
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