Bitcoin jumped more than 5% on Friday, January 8th, to a new record high at $ 41,530, to offset losses incurred earlier in the session.<\/p>\n\n\n\n
The most popular digital currency in the world fell to a low of $36618.36 on the Bitstamp exchange before rising. The rival cryptocurrency Ethereum rose 3% before falling more than 10%.<\/p>\n\n\n\n
Bitcoin rose about 1000% from a low it hit in March. It topped $30,000 for the first time on January 2, after surpassing $20,000 on December 16.<\/p>\n\n\n\n
Some traders in the market warned of a correction movement after reaching the level of 40 thousand, but Bitcoin is preparing to record gains for the eleventh session in the past twelve sessions.<\/p>\n\n\n\n
Growing demand from institutions, companies and, more recently, individual investors have boosted Bitcoin’s surge, as they are drawn to the prospects of a quick payoff in a world of drastically low returns and negative interest rates.<\/p>\n\n\n\n
JPMorgan economists wrote on January 5 that the digital currency is emerging as a competitor to gold and could trade as high as $146,000 if it consolidates its position as a safe investment asset.<\/p>\n\n\n\n
Interest in the world’s largest cryptocurrency has increased in the past year as investors view Bitcoin as a hedge against inflation and an alternative to the depreciation of the dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin jumped more than 5% on Friday, January 8th, to a new record high at $ 41,530, to offset losses incurred earlier in the session. The most popular digital currency in the world fell to a low of $36618.36 on the Bitstamp exchange before rising. The rival cryptocurrency Ethereum rose 3% before falling more than …<\/p>\n","protected":false},"author":9,"featured_media":32004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904],"class_list":["post-39621","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=39621"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39621\/revisions"}],"predecessor-version":[{"id":39622,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39621\/revisions\/39622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32004"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=39621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=39621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=39621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}