{"id":41988,"date":"2021-02-24T15:00:33","date_gmt":"2021-02-24T11:00:33","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=41988"},"modified":"2021-02-24T15:00:36","modified_gmt":"2021-02-24T11:00:36","slug":"bitcoin-rises-again-above-50","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-rises-again-above-50\/02\/24\/market-updates\/","title":{"rendered":"Bitcoin Rises Again Above $50"},"content":{"rendered":"\n<p>Bitcoin returned to trade above $50,000 on Wednesday, after a sharp sell-off in the previous two sessions, after Square announced the purchase of $170 million in Bitcoin as part of its ongoing commitment to the cryptocurrency.<\/p>\n\n\n\n<p>The cryptocurrency lost 15% of its record high earlier in the week due to concerns about overvaluation.<\/p>\n\n\n\n<p>Bitcoin is up 75% so far this year, buoyed by institutional buying and growing attractiveness as a hedge against potential inflation resulting from massive stimulus measures by the central bank and major governments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin returned to trade above $50,000 on Wednesday, after a sharp sell-off in the previous two sessions, after Square announced the purchase of $170 million in Bitcoin as part of its ongoing commitment to the cryptocurrency. The cryptocurrency lost 15% of its record high earlier in the week due to concerns about overvaluation. Bitcoin is &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32197,"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-41988","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\/41988","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=41988"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41988\/revisions"}],"predecessor-version":[{"id":41989,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41988\/revisions\/41989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32197"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}