Christmas Bells Ring Early For Bitcoin: Cryptocurrency Rises To $51,000, Touches Highest Level In More Than 2 Weeks
ndtv.comOn Christmas eve, the value of Bitcoin rose to $51,000 (roughly Rs. 38.27 lakhs) and touched its highest level in more than two weeks. The world's largest and oldest cryptocurrency has risen by about four percent in the past couple of days.
On Friday, in Asian trading, at one point the value of the cryptocurrency had even touched $51,524 (roughly Rs. 38.67 lakhs). This rise was a result of wider positive sentiment in financial markets. In 2021, so far, the digital asset — famed for its volatility — has risen by about 76 percent. In November, Bitcoin had lost more than $18,000 (roughly Rs. 13.50 lakhs) in value after hitting a record high of almost $69,000 (roughly Rs. 51.77 lakhs) earlier in the month.
The price movement of Bitcoin has piqued
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