The cryptocurrency leader has recovered while remaining around the $50,000 mark. On the Bitstamp exchange, bitcoin was trading at around $49,000 around noon on Wednesday.

The end-of-year rally hoped for by investors remains excluded for the moment. Competing currency Ether seems to be in a better position. On the Bitstamp exchange, bitcoin was trading at around $49,000 around noon on Wednesday. Over the past week, the most well-known cryptocurrency has gained more than 1%. Market capitalization stood at $930 billion. The potential currently appears to be limited, given the current volatility in the financial markets, say observers. Concerns around the Omicron variant and questions about the US budget for infrastructure are generating concerns. Volatility is likely to remain high in the digital currency markets, according to brokers. The market capitalization of Ether, the second largest cryptocurrency, was up just 4% over the week.