Bitcoin achieves a gain of 10%, amounting to 47 thousand and 884 dollars

Bitcoin achieves a gain of 10%, amounting to 47 thousand and 884 dollars
Bitcoin achieves a gain of 10%, amounting to 47 thousand and 884 dollars

Bitcoin jumped, in just minutes, to record the cryptocurrency’s highest daily gain since July, and other cryptocurrencies jumped on a huge rally after the biggest monthly decline since last May.
According to Bloomberg, the largest cryptocurrency achieved a 10% gain, reaching $47,884 per bitcoin in early trading in New York, before giving up some of its gains.
Ethereum, Litecoin, and EOS also jumped, with the Bloomberg Crypto Crypto Index rising 8.9%.
Bitcoin was down 7.6% in September, amid fears of mounting regulatory pressures in China and the United States.
Traders offered a range of potential reasons behind the recent gains, while noting that the fragmented market leaves digital assets vulnerable to volatile price swings.
Some referred to US Federal Reserve Chairman Jerome’s statements yesterday that the central bank has no intention of banning cryptocurrencies, while others cited price levels such as moving averages that are closely followed by technical analysts.

Source

Bitcoin achieves gain amounting thousand dollars

 
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