Newsgeeker.com news site RSS Email Alerts

Custom


[Tech] Bitcoin hits strongest level since May

 

bitcoin-price-today

  • Bitcoin, in terms of market value, rose 4.6% to $53,859.6.
  • It passed $50,000 mark for first time in four weeks on Tuesday. 
  • Bitcoin fell below $50,000 in early September.


Bitcoin hit its highest level since mid-May on Wednesday as bulls bid up the cryptocurrency after it breached the $50,000 mark in the previous session.

The world's largest cryptocurrency in terms of market value rose 4.6% to $53,859.6. It passed the $50,000 mark for the first time in four weeks on Tuesday on mounting institutional interest. 

In early September, bitcoin fell below $50,000 during a broad selloff in shares of cryptocurrency and blockchain-related firms. It fell further in September, hitting a low of $40,596 on September 21.

According to reports on Wednesday, Soros Fund management, owned by billionaire investor George Soros, confirmed at a Bloomberg summit that the fund is trading bitcoin. "We own some coins — not a lot," Dawn Fitzpatrick, the fund's chief executive, was quoted as saying.

Published:10/6/2021 12:35:47 PM
Top Searches:
books
FBI
dow
dow jones
obama
books1111111111111' UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45
-1'
NASA
obamacare
Casey

Jobs from Indeed

comments powered by Disqus