Cryptocurrencies managed to rise on Monday, against a number of factors that led to a series of the recent decline, amid a crackdown by the Chinese government and increased selling pressures.<\/p>\n\n\n\n
Over the past 24 hours, Bitcoin rose by about 10.4%, trading at $38,444.72, reducing its losses over the past seven days to 10.7%.<\/p>\n\n\n\n
The largest digital currency in terms of market capitalization remains lower by about 40% from the record high registered in April.<\/p>\n\n\n\n
As for Ether, a surge of 23.25% led Ethereum to trade at $2,611.36, limiting the weekly losses to below 21%.<\/p>\n\n\n\n
Recent tweets by billionaire Elon Musk, the CEO of Tesla, reduced the impact of his announcement that the electric vehicles manufacturer will no longer accept Bitcoin as a payment method for its products, due to environmental concerns about the high consumption of energy by the cryptocurrency\u2019s mining and trading activities.<\/p>\n\n\n\n
Musk remains a major supporter of digital currencies, however, his recent remarks that led to large fluctuations in cryptocurrencies and Tesla\u2019s stock price have prompted accusations that Musk is manipulating the market.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cryptocurrencies managed to rise on Monday, against a number of factors that led to a series of the recent decline, amid a crackdown by the Chinese government and increased selling pressures. Over the past 24 hours, Bitcoin rose by about 10.4%, trading at $38,444.72, reducing its losses over the past seven days to 10.7%. The …<\/p>\n","protected":false},"author":10,"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":[6903],"class_list":["post-46023","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46023","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=46023"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46023\/revisions"}],"predecessor-version":[{"id":46024,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46023\/revisions\/46024"}],"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=46023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=46023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=46023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}