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Even the world’s second largest cryptocurrency, ethereum, has increased in price over the weekend.
Bitcoin price has had a strong weekend. It gained momentum already during Friday when it was around $19,400.
Since then, it has continued upward throughout the weekend, reaching a level of $21,814 on Saturday.
During the night to Monday, the price made another rush, reaching as high as $22,350, according to figures from Bitstamp.
Compared to Friday’s level, this is a total increase of 15.2 percent.
Investors await “the Merge”
Even the world’s second largest cryptocurrency, ethereum, has increased in price over the weekend.
From around $1,640 on Friday to a high of $1,789 on Sunday evening – an increase of nine percent.
Many investors are now anxiously waiting for ethereum’s big update “the Merge”, when the cryptocurrency will go from “proof of work” to “proof of stake”, which is scheduled to happen in the middle of this week.
New inflation figures
This week there is also a lot of focus on inflation as several countries will present their latest inflation figures.
On Tuesday it is the USA’s turn and on Wednesday it is the turn of both Great Britain and Sweden to report the August figures.
“The most important for the financial markets is of course the United States where, according to our forecast, inflation has peaked and lower oil prices provide support for further falls in the future”