August 24, 2019, 10:18


Bitcoin on the Rise After Pre-Christmas Crisis

Bitcoin on the Rise After Pre-Christmas Crisis

Bitcoin on the Rise After Pre-Christmas Crisis
©
AFP 2017/ Justin TALLISBusiness21:42 26.12.2017(updated 21:44 26.12.2017) Get short URL211

On Friday, December 22, the world’s largest cryptocurrency fell below $11,000 reaching its all-time low since 2013.

Bitcoin has recovered, moving back towards $16,000 after a heavy downturn of over 25 percent last week.

Many market regulators and banks, however, warn against investing in cryptocurrencies, arguing that the recent surge in prices may have been triggered by speculations and that the risk of a sharp drop is high.

Earlier, Morgan Stanley researchers wrote that the real value of bitcoin is “zero,” until the cryptocurrency is accepted as a rival to the US dollar and other fiat currencies.

Bitcoin lost over a quarter of its value on Friday after it dropped to $11,159.93. Despite a late recovery, the price still remains volatile.

Sourse: sputniknews.com

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Weather

Moscow

Today08/23/2019
12℃

Sat
08/24/2019
overcast clouds

  • overcast clouds
  • HI/LO: 22/12
  • Clouds: 89%
  • Wind: 5.08 m/s
  • Wind Direction: WSW
  • Pressure: 1023hPa
  • Humidity: 53%

Sun
08/25/2019
sky is clear

  • sky is clear
  • HI/LO: 20/11
  • Clouds: 0%
  • Wind: 4.34 m/s
  • Wind Direction: NNW
  • Pressure: 1025hPa
  • Humidity: 58%

Mon
08/26/2019
light rain

  • light rain
  • HI/LO: 20/12
  • Clouds: 0%
  • Wind: 2.5 m/s
  • Wind Direction: WSW
  • Pressure: 1026hPa
  • Humidity: 53%

Tue
08/27/2019
light rain

  • light rain
  • HI/LO: 19/8
  • Clouds: 28%
  • Wind: 6.25 m/s
  • Wind Direction: NNW
  • Pressure: 1016hPa
  • Humidity: 64%

Wed
08/28/2019
sky is clear

  • sky is clear
  • HI/LO: 13/5
  • Clouds: 0%
  • Wind: 6.67 m/s
  • Wind Direction:
  • Pressure: 1024hPa
  • Humidity: 47%

Thu
08/29/2019
few clouds

  • few clouds
  • HI/LO: 13/4
  • Clouds: 19%
  • Wind: 5.48 m/s
  • Wind Direction:
  • Pressure: 1025hPa
  • Humidity: 51%

Сторонняя реклама



Статьи
Статьи В
Создание Сайта Кемерово, Создание Дизайна, продвижение Кемерово, Умный дом Кемерово, Спутниковые телефоны Кемерово - Партнёры
Яндекс.Метрика