The price of the virtual currency Bitcoin briefly surpasses 10,000 dollars at 7:00 p.m. on July 27th, Reuters reported. This is the first time in about six weeks since the $10,000 mark in early June.
The price of Bitcoin rose to 10,200 dollars on the same day, but fell back to 9,900 dollars.
Bitcoin went through a halving on May 11 when the compensation it receives for mining one block was halved. This is the third half-life since December 2012 and July 2016.
According to Reuters‘ analysis, bitcoin prices could be strong again because expectations are formed that scarcity will increase after a halving.
Not just halving, OCC decision to allow U.S. banks to be cryptocurrency friendly might have affected Bitcoin $10,000 soar today
The number of banks in the U.S. seems to have soared thanks to favorable factors such as obtaining virtual asset trust services.
The Office of the Comptroller of the Currency (OCC) allowed banks such as Bank of America, Citibank, and Goldman Sachs to provide cryptocurrency trust services on the 22nd. The monetary regulator’s decision allows U.S. banks to entrust cryptocurrency. Just as they keep and manage financial assets such as stocks and bonds and real estate.
Based on the letter by the OCC, the banks will provide custodial services for customers’ private keys. The OCC also admitted that the custodial service for cryptocurrency and money is different.
In addition, the fact that Amazon’s streaming platform Twitch is expanding its use of virtual assets in various fields. Including a 10% discount on subscription fees when paying for services with Bitcoin. It might also has affected the market price increase.
Tuur Demeester, co-founder of U.S. virtual asset manager Adamant Capital, said, “There will soon be a big rise in the Bitcoin market. Bitcoin is slowly preparing for a bigger price increase.”