The sharp rise in the price of Bitcoin continues. On Tuesday the oldest and best-known cryptocurrency rose above the mark of 17 for the first time since the beginning 2018. 000 U.S. dollar. The record high of around 20. 000 dollars, reached the end of 2017, is getting closer and closer. The platform Coinmarketcap currently calls an average price of around 17. 500 US dollars.

Bitcoin price had fallen to an annual low in March, but has since increased again with interruptions. Last week, for the first time since 2018, the mark of 16. 000 US dollars taken. Numerous observers see the price fantasies awakened by positive news about the plan of the payment service PayPal, which enables its customers to pay with Bitcoin and other digital currencies.

In particular, the crypto market seems to be also for institutional investors, i.e. the professionals to become more interesting. For example, the asset manager Grayscale, which operates crypto-money funds targeting large investors, reported record inflows of investor money in the past few weeks. According to their own statements, after strong acquisitions, they now hold over 500. 000 Bitcoin for the in-house fund, currently valued at around $ 8.5 billion. ( With material from dpa ) /

(axk)