OREANDA-NEWS The cost of bitcoin, after a noticeable drop in November, has moved to growth since the beginning of the new month and is increasing by more than 7% over the past day, according to trading data.

According to the CoinMarketCap portal, which calculates the average price on more than 20 exchanges, the cost of bitcoin as of 10.09 Moscow time jumps by 7.26% per day to 93 303.63 dollars. Including on Binance, the largest cryptocurrency exchange in terms of trading volume, bitcoin is rising in price by 7.29% to $93,291.72.

Analysts assess the prospects for the continuation of the upward dynamics of bitcoin quotes that had been outlined weeks earlier. "We expect another increase in the range of 95-100 thousand dollars, after which we will move to a more neutral scenario of bitcoin dynamics," Reuters quoted IG Market analyst Tony Sycamore as saying.