RATE Group | Cryptocurrency rises but struggles to stay above $4,000
50434
wp-singular,post-template-default,single,single-post,postid-50434,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cryptocurrency rises but struggles to stay above $4,000

26 Nov Cryptocurrency rises but struggles to stay above $4,000

Posted at 13:13h in Cryptocurrency News by

[ad_1]

Bitcoin and other notable cryptocurrencies rose in value on Monday after a brutal week for the nascent market.

The world’s best-known and most-valuable digital currency climbed back above the $4,000 mark late Sunday, according to CoinMarketCap data.

Its price fell as low as $3,447.58 on Sunday, as investor angst over the cryptocurrency’s plunge worsened. However, later in the day, bitcoin pared its losses, and on Monday was trading 5.54 percent higher to a price of $3,982.80 shortly after 7 a.m. ET.

Cryptocurrencies are still well off their record highs though. Bitcoin is down more than 80 percent since it reached an all-time high close to $20,000 in December 2017. XRP and ether, the second and third-largest virtual currencies respectively, are both down roughly 90 percent…

[ad_2]

Source link

Tags:
, , , ,