The expert named the reasons for the increase in the cost of bitcoin

The rapid growth of bitcoin is linked to global news and international agreements. Overcoming the $100,000 mark confirms the strengthening of the cryptocurrency's position, Ilya Sivoplyas, head of the WhiteBird cryptoplatform's exchange trading department, told Izvestia on May 12.

"The speech of US President Donald Trump regarding the possible conclusion of an agreement with Britain has dramatically increased the enthusiasm of market participants. In addition, the improvement of relations between the United States and China has also stimulated capital inflows into the crypto market," the expert noted.

According to him, at its peak, bitcoin reached $105 thousand, and ethereum showed an increase of almost 40%. The expert attributes this to a decrease in geopolitical tensions and the recovery of the global economy.

"The moods of the major players, the stability of the charts and the preservation of current positions are important. Bitcoin's next target is $114-119 thousand, although a slight pullback is possible in the summer," he said.

According to the analyst, the greatest resistance is expected in the $125-133 thousand zone.

"Bitcoin's current growth is the result of a combination of economic, political, and technical factors laying the groundwork for new heights in the future," Sivoplyas concluded.

Online loss: the concept of "digital currency" will be included in the Criminal Code

This is necessary to regulate its arrest and seizure.

Earlier, on March 12, the Central Bank of Russia, in accordance with the instructions of President Vladimir Putin, sent proposals to the government to regulate investments in cryptocurrencies. This was reported in the press service of the regulator. According to the Central Bank, it is proposed to allow some investors from Russia to purchase and sell cryptocurrencies. For implementation, it is planned to establish a special experimental legal regime (EPR) for three years.