On Thursday, June 10, the bitcoin rate updated its 6-day high at around $ 38.4 thousand. Over the past day, the cryptocurrency has risen in price by 12%. On June 8, the value of the asset fell to a local minimum of $ 31 thousand. Since then, it has grown by more than $ 7 thousand, writes RBC Crypto.
The latest wave of growth in cryptocurrency quotes began after it became the legal tender in El Salvador. The corresponding law was adopted by the country’s parliament. Later, El Salvador’s President Nayyib Bukele instructed the head of the state-owned energy company LaGeo, Maynor Gil, to start mining bitcoins from the energy of volcanoes.
Also on June 9, Victory Capital announced its plans to enter the crypto market, which manages assets worth $ 157 billion. The company announced the creation of a fund that will invest in cryptocurrencies included in the Nasdaq Crypto Index (NCI).
At the same time, the head of the popular American broker Interactive Brokers, Thomas Peterffy, announced that by the end of the summer the company will provide its clients with access to cryptocurrency transactions. Now futures are traded on the broker’s electronic platform.
However, there was also negative news. In particular, the authorities of the Chinese province of Qinghai published a document according to which mining in the region is now prohibited. The authorities of the Xinjiang Uygur Autonomous Region also gave orders to immediately stop the mining of cryptocurrencies.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.