Bitcoin surpassed the $ 40,000 level in the markets. Previously, BTC surpassed this level and rose to an all-time high of $ 41,941.56 on January 8, according to data provided by CoinMarketCap.
After that, on January 15, the flagship crypto only surged to $ 39,187 and has since traded at a range below $ 33,000 several times.
The first reason can be seen as the acceleration of the Bitcoin hash rate. According to data from Coin Metrics, this week the record rose to 174.9 EH / s.
The second reason Bitcoin growth is due to the increased difficulty of Bitcoin mining. The value of this metric increased by 2.93 percent.
In addition, experts believe that one of the factors that pushed Bitcoin up this time was the conference organized by MicroStrategy and its CEO, Michael Saylor, where they brought together topo managers of nearly 1,400 companies to explain what Bitcoin is for them and why. It can be used as a store of value and inflation protection.