Bitcoin's 10% Rise Leads the Crypto Market Rise!

coin price rose Bitcoin Above 47500 Dollars last Friday, with a larger 20 Almost all cryptocurrency is in the Green Zone, while the government in El Salvador says it has finished mining the first coin Bitcoin Using the energy of volcanoes.

The Chairman of the US Federal Reserve said, Jerome Powell On Thursday, it's "not intending" Ban cryptocurrency.

The price has gone up Bitcoin BTCUSD -1.31% in the rate of 10% within 24 last hour, and it was recently traded at 47572 dollar. The price has also gone up + Ether ETHUSD 4.72% in the rate of 9.2% within 24 last hour, and it was recently traded at 3250 dollar.

The price has also gone up Cardano ADAUSD +3.27%, And Binance Coin, the third and fourth largest cryptocurrency in terms of market capitalization by 7.5% And11% respectively, during the 24 last hour.

For his part, the President of El Salvador tweeted Nayib Bukeleat midnight on Thursday, saying:

“We are still testing and installing, but officially this is our first mining for bitcoin from volcano Vulcanode. In September, the country also adopted a currency Bitcoin as legal currency. 

Analysts commented that the rise Bitcoin It may be due in part to Investors buy Chinese ban, where China ramped up in 24 September cracked down on cryptocurrency trading and mining, which led to the crash of the cryptocurrency market.

According to on-chain data, many investors have been taking advantage of the opportunity to accumulate, writes the encrypted data analytics firm Into The Block In her notes on Friday:

“The number of titles containing currency has reached Bitcoin one or more, to a four-month high, accelerating, in the days following the Chinese ban.”