RATE Group | Cryptocurrency above $4,000 for first time in two weeks
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Cryptocurrency above $4,000 for first time in two weeks

20 Dec Cryptocurrency above $4,000 for first time in two weeks

Posted at 20:05h in Cryptocurrency News by

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Bitcoin has surpassed $4,000 for the first time in two weeks, continuing to break away from a months-long rout.

The price of the world’s best-known cryptocurrency climbed almost 7 percent to $4,037 on Thursday, according to CoinDesk’s index tracker.

The last time the digital currency was trading at the $4,000 level was on Dec. 4. It began to plummet in mid-November after months of stability, restoring volatility in an asset known to jump or fall hundreds of dollars within hours.

It has fallen almost 80 percent since a record high near $20,000 in December last year. Earlier this week, bitcoin began to jolt upward on the anniversary of the cryptocurrency’s all-time high.

Other major digital assets also traded higher on…

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