Bitcoin hits four-week high, ether at three-week peak By Reuters
© Reuters. FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File Photo
NEW YORK (Reuters) – rose to a four-week peak on Monday, climbing for a second consecutive session, driven in part by technical factors such as the liquidation of some short positions that pushed the virtual currency to a three-month downtrend, analysts said.
The world’s largest cryptocurrency hit $44,347.65, the highest since mid-January. It was last up 4.4% at $44,286. Since hitting a roughly six-month low on Jan. 24, bitcoin has gained about 35%.
Ether, the second largest digital currency in terms of market capitalization, touched a three-week peak of $3,170 and was last up 3.16% at $3,154.73.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Bitcoin hits four-week high, ether at three-week peak By Reuters