Bitcoin stages a huge comeback above $60,500

The global crypto market value at press time stood at $2.05 trillion, a 3.85% increase over the last day. The flagship crypto is recording a significant buying spree as Bitc

Published

4 years ago

April 10, 2021

Babs Ayandayo

How to earning passive income from Cryptocurrency

The global crypto market value at press time stood at $2.05 trillion, a 3.85% increase over the last day. The flagship crypto is recording a significant buying spree as Bitcoin bounced above the $60,500 price level once again.

Bitcoin’s price is currently $60,638.55.

Bitcoin’s dominance is currently 55.36%, an increase of 0.21% over the day.

Investors are moving their funds to Bitcoin after an avalanche of COVID-19 stimulus shocked the crypto market since last year amid fears of rising fiat inflated currencies coupled with leading business brands adding more buying pressures on Bitcoin with BNY Mellon, America’s oldest bank giving its approval on the new digital gold as it makes a debut into mainstream investment assets.

That being said, crypto pundits argue that bitcoin still faces strong headwinds in the coming months amid growing regulatory concerns. There is also the bias that its high volatility is making it challenging for some traditional investors to come on board and its massive electrical consumption via the blockchain has also put it at odds with many environmentalists.

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Bitcoin stages a huge comeback above $60,500

Bitcoin stages a huge comeback above $60,500

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