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Cryptocurrency: Rise in the price of bitcoin

08/12/2021
Categories: Economy/Forex

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The price of bitcoin rose above the $50,000 threshold on Tuesday after its plunge on Saturday.

The cryptocurrency leader took 1.73% to 50,985 dollars on Tuesday. The virtual currency market is thus benefiting from the return of risk appetite. Because, according to analysts, it remains a risky asset, even if there is growing evidence that interest in traditional finance is growing and that institutional investors are participating in the market. The volatile cryptocurrency, which has seen its price soar since the end of 2020, remains up 170% over one year but down 25% since its all-time high reached in November.

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