Open Demo Account
Home / Market Update / Cryptocurrency / Bitcoin Retreats from Record Highs

Bitcoin Retreats from Record Highs

M. Ali 16 February, 2021 2:49 am Cryptocurrency, Market Update

The price of Bitcoin declined on Monday, after nearing $50,000 on Sunday, rising by 5% and reaching a new record high.

The world’s largest cryptocurrency is down by 1.57% over the past 24 hours, reducing its gains over the past seven days to a little over 9%.

Bitcoin recently received support from increased demand for the digital currency, amid interest from institutional buyers led by Tesla, which invested $1.5 billion in Bitcoin.

Tags

Check Also

Wall Street Bounces Back: Dow Surges as Trade Hopes and Fed Bets Lift Market Mood

After a turbulent week marked by financial sector jitters and political uncertainty, the Dow Jones …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends