The cryptocurrency Bitcoin rose again above the $ 50 thousand level, today, Wednesday, after harsh selling of the cryptocurrency earlier this week..
This comes after the American “Square” company, which specializes in technological investments, announced yesterday, Tuesday, the purchase of 170 million dollars of the cryptocurrency..
According to CoinMetrix, which is concerned with the prices of digital currencies, the most valuable digital currency in the world increased by more than 6% to reach 50 thousand and 61 dollars, and the cryptocurrency rose earlier to reach 51 thousand and 369 dollars, but those gains diminished later..
Other cryptocurrencies have also received support in their market value, as the value of the “Ether” currency increased by 11%, and the “XRB” currency by 4%.
The “Square” company, run by Jack Dorsey, CEO of the American company “Twitter”, announced yesterday that it had bought 3318 “Bitcoin” currencies at an average price of about $ 51,235, indicating that the digital currency now represents about 5% of its total assets..
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