Cryptocurrency markets are on the rise, as Bitcoin reached $ 4850, and SegWit posses a 10% share of all transactions. Since the total market cap exceeded the $ 150 billion, Bitcoin seems to have come out of the period of stagnation after it failed to rise above $ 4,400 last week.
The steady growth of bitcoin which started on Monday, October 9, the first cryptocurrency rose to levels above $ 4850. At the moment the average weighted bitcoin rate is $ 4900,00, according to Coinmarketcap.
The Reasons Of Decided Rise
The observed increase in the price of bitcoin occurs against the background of the expected Bitcoin Gold hardfork later in October and SegWit2x hardfork in November.
Both hardforks assume the issue of new coins for users, that is why high trading volumes are due to the last 24 hours. Bitfinex, Bithumb, BitFlyer, HitBTC and GDAX exchanges became the top five leaders in the volume of deals with Bitcoin at this hour.
Over the past 24 hours, bitcoin has risen in price by more than 5%, while its dominance market index of $ 152 billion is over 52%.
On the eve of Bitcoin Gold and SegWit2x, investors can buy Bitcoins solely in order to require an equivalent number of both forks.
