After a long decline, bitcoin is growing. The price of the digital currency reached about $235.

 According to Coindesk Bitcoin Price Index, at 16:00 UTC the price of the digital currency ranged from $233 to $235, which means that bitcoin gained back the losses of the week.

The price of the digital currency began the decline in August after the block size debate intensified. A problematic letter from somebody who claimed to be Satoshi Nakamoto as well as statements made by the industry leaders led to a significant decline in price.

In the middle of the month, bitcoin collapsed from $256 to $219, giving a new base for the old speculation about the direct connection between bitcoin and oil prices.

This Tuesday bitcoin price was down to $201 on BTC-e exchange. One day later the representatives of BitPay, Blockchain.info, Circle, Kncminer, Bitnet, Xapo, BitGo and ItBit  signed the open letter to support one of the standarts, BIP 101. Meanwhile, F2Pool and BTCChina Pool voiced their preference for BIP100.

After the industry leaders made their, declarations bitcoin began compensating the losses. 

Roman Korizky