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Bitcoin Climbs To Its Highest Price Of 2022


Bitcoin has risen above 48,000 U.S dollars, reaching its highest level since December of last year.


The largest cryptocurrency by market value rose nearly 5 percent to 48,215 U.S. dollars. Bitcoin is now at its highest level of the year and the latest rally brings its year-to-date gains to nearly 5 percent.

Bitcoin has now gained 17 percent over the past week but still remains about 30 percent below the record high of 69,000 U.S. dollars reached last November.

Ether, crypto’s second-largest in terms of market capitalization, is up to $3,388.

“Bitcoin hitting its 3-month high, signals an expected and much-awaited market recovery,” said Raj Karkara, COO, ZebPay. “With a number of countries indicating plans for positive regulation around crypto, investor sentiment seems to be surging, resulting in some of the highest 24-hour trading volumes we’ve seen in the last quarter. Many experts consider this to be the beginning of a strong bull market, however, time will tell to what extent they are right,”


Written by PH

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