Bitcoin rises for second day, as the market bull run is expected to continue

Bitcoin rose on Wednesday to continue its gains for the second day in a row, after the world's largest cryptocurrency yesterday stabilized above the $5,000 barrier, amid expectations that the market bull run will continue to dominate, with news supporting the positive atmosphere that surrounds the market. at present.

On the BiTstamp stock exchange, by 06:05 GMT, Bitcoin is trading around $5,222, up by $21, or 0.4%, from the opening price of $5,201 with a high of $5,275 and a low of $5,185.

Bitcoin yesterday reached a 3.5% gain in the second gain over the last three days, supported by the psychological barrier stability at $5,000.

The total cryptocurrencies market cap on Wednesday rose by more than $1 billion to $178 billion, with most of the major currency prices on the market climbing.

The world's largest digital currency continued its rally for a second straight day on Wednesday, after successfully holding above the $5,000 barrier in a strong sign that the bull market run will continue, which has dominated Bitcoin's trading since early April.

There are also news streams that support the positive climate that dominates the crypto market at present, which helps in the acceleration of investment demand levels and also attracts many new investors.

The social trading and multi-asset brokerage company, eToro, launched a platform to exchange cryptocurrencies for professional traders, called eToroX platform, which is a safe place for trading according to the company's description.

The platform currently offers 37 commercial pairs, as it allows traders  to convert up to six cryptocurrencies into securities, such as the dollar, euro, and Swiss franc.

According to the Managing Director of eToroX platform, Doron Rosenblum, the stock exchange currently allows users to trade on Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin and Dash, while the platform will launch more pairs in the coming months.

The new platform is designed to provide cryptographic currencies to a wider range of investors, said co-founder and CEO of eToro Yoni Assia.

In March, eToro formally launched its crypto assets portfolio in the United States, and later that month announced that it had acquired the Firmo network for smart contracts to explore and add more digital assets.

On the other hand, reports said that the American billionaire investor "Tim Draper" has met Facebook's executives to discuss participating in the investment of "Facebook Coin", which is a new currency that Facebook plans to lunch