Bitcoin Rises Above $50,000 Amid Omicron Impact Concerns | RYT9

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Bitcoin prices rebounded nearly 1.5% in Asian trading this morning. It has recovered to above $50,000 and has rallied in tandem with global stock markets and other risk-weighted assets. However, some traders remained cautious in trading after bitcoin’s sharp slump on Saturday. come

As of 10:09 a.m., bitcoin price rose $742, or 1.48 percent, to $50,749.

last saturday Bitcoin Price Drops 22% To Below $42,000 As Investors Take Profits as well as being pressured by concerns about macroeconomic conditions

Bitcoin prices, however, began recovering on Monday (December 6) with a 2.2% gain.

Edison Pan, an analyst at Saxo Markets in Hong Kong said: “General sentiment towards cryptocurrencies remains high. and the trading atmosphere began to return to normal Considering that investors bought more risky assets on Monday. After it was reported that the impact of the COVID-19 virus The omikron strain is less intense than the market expected.”


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