Interest in Bitcoin seems to be rising, probably due to the upcoming halving.
Today, the largest cryptocurrency crossed $ 9,800 for the first time in three months.
Bitcoin has grown by more than 6% in the last 24 hours, trading at $ 9,845 at the time of writing.
The total capitalization of the crypto market has grown by more than 15 billion in less than a day, and is now $ 266 billion, according to data from coinmarketcap .
This rise came just days before the halving, which will halve the prize on the block. This mechanism aims to stabilize inflation by reducing supply.
The number of Bitcoin users is growing strongly, with new addresses growing by about 50% since the beginning of the year. Some analysts expect a drop in supply should push the asset price up in the next few months.
Also, since mid-March, trillions of economic incentives and federal aid have been printed in the United States to combat the economic turmoil caused by COVID-19.
According to Pascal Gauthier, CEO of Ledger, this printing of money will push people to Bitcoin and other cryptocurrencies. He claims that his company reported a record number of sales on March 15, when economic incentives were announced.