Bitcoin trades above $4,000 for first time in 4 weeks

Bitcoin rose slightly on Thursday to continue its gains for the fourth day in a row, with prices trading above the psychological barrier of $4,000 for the first time in four weeks amidst the positive atmosphere that dominates the cryptomarket for now, the current prices is also expected to continue rising to more highs and record new levels through 2019.

As of 08:00 GMT,  Bitcoin is trading around $4,040, up by $0.2 per share, with the opening price at $4,033, the highest at $4,044 while the lowest at $ 4,011.

On Wednesday, Bitcoin rose 0.9%, its third consecutive daily gain, recording a four-week high of $4,050 per unit, as investment demand levels on the world's largest cryptocurrency continued to improve.

The market value of cryptocurrencies on Thursday rose by about $1 billion to $142 billion, the highest level since February 24, with a slight rise in most of the major currency markets.

New liquidity has entered the market with about $11 billion since the beginning of March, with the positive atmosphere dominating the market, improved investment demand levels and the entry of new investors.

Last Saturday saw the largest jump in the market value of the Bitcoin currency since 25 April 2018, in a positive sign that market participants are gradually turning to the leading cryptocurrency.

There are many companies that are moving forward with projects related to the Blockchain technology and the encryption industry, in a sign that the sector generates great interest, and currently prices are responding to these positive developments.

In Switzerland, Digitec Galaxus announced that it has accepted the Bitcoin currency and other cryptocurrencies as a means of payment when shopping online.

The company's customers can use Bitcoin and other currencies, especially Ethereum, Ripple ,Bitcoin Cash and Litecoin in the payment processes related to e-commerce.

The Swiss company said that cryptocurrencies are great and can become a mean of payment in matters related to e-commerce, we want to support this development after a long period of pursuit.

Facebook, the "social networking giant," drew attention recently after The New York Times reported last month that the company was looking for support for its potential future symbol, "Facebook Coin."

The potential digital currency of Facebook, which is confirmed by sources during the first half of this year, will be a joint payment initiative that also includes Whatsapp and Instagram applications.