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Bitcoin Price Reverses Course, Crosses $40,000 After Weeks of Decline
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investopedia.comBitcoin is on the rise once again.
The cryptocurrency’s price surged past $40,000, a figure it last touched on May 18. The increase marks a sharp reversal from Bitcoin’s recent slump. After reaching a record high in April, the cryptocurrency’s price had ticked downward. But the swell in its prices over the weekend might have arrested that decline.
At 23:56 UTC on Tuesday, the cryptocurrency was changing hands at $40,343.92, a roughly 2% increase in its price from a day earlier. It is up by 37.5% since the beginning of this year.
Bitcoin’s climb started early Sunday when it was trading at $35,000. By Monday, the cryptocurrency had registered a 17% increase in its price to cross $40,000.Two news developments contributed to the latest bump in
Read more on investopedia.comAbout this in other media
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