Bitcoin for the first time rose above $ 1700

The rate of Bitcoin on May 9 for the first time exceeded $ 1700, once again updating the historical maximum, Business Insider reports . During the trading, the virtual currency went up by 3.5% and reached $ 1720.82.

According to the publication, on May 9, the Bitcoin course is growing for no apparent reason. Nevertheless, traders still expect that the US Securities and Exchange Commission (SEC) will reconsider its decision and allow the work of the world's first Bitcoin Exchange Fund (ETF).

Additional support for cryptocurrency was provided by the March decision of the Japanese authorities to recognize Bitcoin by an official payment tool. As a result, over the last 18 trading sessions, the Bitcoin exchange rate has grown by a total of almost 50%.

Bitcoin struck the mark of $ 1500 on May 4, above $ 1400 the cost of cryptocurrency rose at the end of April. Above $ 1000, Bitcoin rose in early January this year for the first time since 2013.