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ArticlesCryptocurrencies are getting more support
The cryptocurrency market is expanding. Bitcoin's strong growth potential is underpinned by strong demand for cryptocurrency from large market players. The corporate segment invests large capital in bitcoin, and these are long-term investments and financial projects that will make blockchain and cryptocurrencies a full-fledged part of the economy.
Bitcoin price continues to rise significantly this year after a spurt in 2020. Back in November 2020, it was three times lower (about $16 thousand) than in early February 2021 (about $51 thousand). One of the reasons for this became announcements of support and the purchase of bitcoin from large companies.

On February 17, the cost of bitcoin on the Binance crypto exchange grew to $51.3 thousand. The sharp rise came after the world's largest custodian bank, Bank of New York Mellon, announced that it would store and conduct cryptocurrency transactions. The service is now under development and allegedly will be available this year.
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