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The bitcoine rate is growing

The bitcoine rate is growing after a drop of almost 27 percent last week, as it follows from the bidding data.
Experts told whether bitcoin will be able to replace gold
According to the information from the portal CoinMarketCap, the most popular crypto currency in the world went up by 12.09 percent – up to 16.77 thousand dollars. At the Bitfinex exchange, the bitcoin price increased by 11.77 percent, to 16.35 thousand dollars, on the GDAX – by 4.08 percent, to 16.43 thousand dollars. According to the Coindesk website, the rate rose by 4.24 percent, to 16.41 thousand dollars.

As Reuters notes, last week bitcoin lost more than half of the value in some trading platforms. On December 17, its price reached 20 thousand dollars.
Experts believe that such a fall is a natural correction after a confident growth. A more drastic decrease in the cost of bitcoin was observed only in December 2013 – then the rate fell by 28.07 percent.
The real cost of bitcoin is revealed
“The latest price movement shows that bitcoin is still a speculative investment”. “Bitcoin trades are in huge volatility”, the chief strategist Invesco Christina Hooper said.
At the same time since the beginning of the year, bitcoin has risen in price by about twenty times.
As for other currencies, according to CoinMarketCap, Ethereum rose in price by 1.09 percent – to 783.7 dollars, Bitcoin Cash – by 1.4 percent, to 3.05 thousand dollars, the cost of Ripple increased by 9.58 percent , up to $ 1.23.
Capitalization of the cryptocurrency market is $ 615.515 billion, bitcoin accounts for about 45 percent of the total market.