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On Tuesday, bitcoin managed to extend its revival in holiday-thinned trade, ascending 10% to head north more than a third from the previous week's minimums below $12,000.
Bitcoin, which appears to be the world's number one cryptocurrency, inched down almost 30% at one stage on Friday hitting $11,159.93 and, notwithstanding a late revival, faced its worst trading week since 2013. As a matter of fact, on the Luxembourg-based Bitstamp exchange at 0445 GMT, bitcoin was quoted approximately $15,049.
The most popular cryptocurrency around the globe has edged up approximately twentyfold since the beginning of 2017, soaring from less than $1,000 to $19,666 on December 17 on Bitstamp and also to more than $20,000 on other exchanges.
While bitcoin traders and financial experts are assured that the sag in its value happened to be a natural correction following a heady run-up in prices, there have been more warnings from key banks and market regulators.
On Wednesday, the UK currency managed to strengthen after a dive overnight when the British main legislative body overwhelmingly voted down the country’s Prime Minister Theresa May's Brexit agreement, thus contributing to uncertainties surrounding Great…
On Tuesday, the evergreen buck went up, while the common currency dived as data disclosed that the German economy speeded down last year and market participants were waiting for the outcomes on the parliamentary vote on Britain’s withdrawal from the…
On Tuesday, crypto assets managed to head north…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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