Bitcoin price rises above $25,000 for the first time since June

The price of Bitcoin briefly exceeded $25,000 for the first time since mid-June, Bloomberg writes. This could have been influenced

lower than expected inflation rates, as well as preparations for a major update to the Ethereum blockchain. Discuss

The main cryptocurrency rose in price by 2.2% - to$25,031. This is the highest level since June 13th. A little later, the rate fell to $24,750. Ether also rose 2% to $2030.50, breaking the $2000 mark for the first time since May 31.

Cryptocurrency is going through difficult times,as the Federal Reserve raised the rate to fight high inflation. At the same time, the prices of bitcoin, ether and other tokens fell by more than 50%.