Bitcoin Bounces Above $50K Amid Light Weekend Trading, Altcoins Kick Higher
$Bitcoin (BTC.CC)$
Bitcoin has recovered most of its losses in the past week and rose back above $50,000 on Sunday. The rebound followed two days after the S&P 500 closed Friday at a level close to its all-time high level.
Bitcoin has recovered most of its losses in the past week and rose back above $50,000 on Sunday. The rebound followed two days after the S&P 500 closed Friday at a level close to its all-time high level.
Trading volume across major centralized exchanges remained low over the weekend, far from the high level a week ago when the oldest cryptocurrency tumbled to as low as $42,333 on Dec 4. The subdued trading volume indicates that the price recovery will be less sustainable, meaning that it remains uncertain where bitcoin is headed once markets open in Asia.
Prices for alternative cryptocurrencies also rose: ether, the No. 2 cryptocurrency by market cap, rose above $4,100 on Sunday.
Contents excerpted from Yahoo.
Prices for alternative cryptocurrencies also rose: ether, the No. 2 cryptocurrency by market cap, rose above $4,100 on Sunday.
Contents excerpted from Yahoo.
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