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Bitcoin Shows Recovery Signs and Ether Gives Up Record High

M. Ali 26 January, 2021 2:08 am Cryptocurrency, Market Update

Bitcoin rose on Monday, reducing its recent losses that came amid a strong correction wave and selling pressures that brought the price of the world’s largest digital currency below $30,000.

Over the past 24 hours, Bitcoin rose by about 3% to near $32,600, cutting its losses over the past seven days to 9.67%.

Year-to-date, the Bitcoin is up by around 17%.

Meanwhile, Ethereum, the second-largest cryptocurrency around the globe, rose to a new all-time high on Monday, reaching $1,476.

However, the Ether has retreated to $1,340, reducing its gains over the past seven days to 9.39%.

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