Bitcoin has exemplified its resilient nature today, managing to hold onto much of the gains it experienced during its recent ascent to $ 50,000. The world’s largest digital currency hit a new all-time high of around $ 49,700 around 5 p.m. EST yesterday, according to. However, bitcoin prices quickly retreated to below $ 46,000 last night, additional figures from CoinDesk reveal. Today, the cryptocurrency has recovered, hitting an intra-day high of over $ 48,800 and recapturing much of the gains it took on yesterday’s retracement. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Bitcoin, the first digital currency at scale, made it clear that the current bull market is significantly different from that of cryptocurrencies seen in 2017 and 2018.
Highlights
- According to Forbes, “Bitcoin shows continued strength retaining latest gains.”
- The world’s largest digital currency hit a new all-time high of around $ 49,700 around 5 p.m. EST yesterday, according to.
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