Bitcoin makes a smart comeback to rise nearly 4%

Bitcoin rises 8.5 percent to $36,265

By Administrator_India

Capital Sands

A day after falling 6 percent, bitcoin prices made a comeback on December 23 – rising nearly 4 percent.

It was quoting at $23,712.14, up 3.9 percent, at the time of writing this copy. It touched a 24-hour high of $24,020.68, and a 24-hour low of $22,384.13.

The world’s largest currency has been on a bull run and recently scaled lifetime highs of $24,280. However, a new COVID-19 strain in the United Kingdom gripped financial markets the world over, sending the world’s largest cryptocurrency tumbling down 6 percent on December 22.

Bitcoin was able to make a smart comeback today, as authorities brushed aside the panic triggered by the new variant which the UK scientists have named “VUI – 202012/01”.

Other popular but smaller cryptocurrency Ethereum was also up by 2 percent but Ripple was quoting down over 13 percent.

According to a BBC report, the variant was first detected in September in the United Kingdom. In November, around a quarter of cases in London were linked to it. Apart from the UK, Italy is another such country where the new strain of the virus has been found.

On December 20, bitcoin rose to a fresh record high crossing the $24,000-mark for the first time. Year-to-date, the premier cryptocurrency has surged about 230 percent on the back of rising interest in the cryptocurrency from both institutional and retail investors.

Related Posts
Joe Biden to order studies on regulating, issuing cryptocurrency: Source
Joe Biden to order studies on regulating issuing cryptocurrency

U.S. President Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury, and Read more

Bitcoin rises 8.5 percent to $36,265
Bitcoin rises 8.5 percent to $36,265

By Administrator_India Capital Sands Bitcoin surged 8.54 % to $36,265 on Wednesday, adding $2,853.31 to its previous close. Bitcoin, the Read more

FM Nirmala Sitharaman: India plans to bring digital currency by next year
FM Nirmala Sitharaman

India plans to launch digital money by 2023, according to Finance Minister Nirmala Sitharaman. "The government and RBI are looking Read more

DGCA bars 90 SpiceJet pilots from flying 737 Max planes after finding them improperly trained
SpiceJet pilots

Indian aviation regulator DGCA has barred 90 SpiceJet pilots from operating the Boeing 737 Max aircraft after finding them not properly trained. Read more

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x