Bitcoin rallies above $30,000 as it shows signs of bottoming out – The National
- Date: 31-May-2022
- Source: The National
- Sector:Financial Markets
- Country:Middle East
Bitcoin rallies above $30,000 as it shows signs of bottoming out – The National
Bitcoin rose the most in two weeks, trading above $30,000 as investors and strategists said the digital currency was showing signs of bottoming out.
The largest cryptocurrency rose by 7.93 per cent to $31,780.51 at 2200 GMT on Monday, up $2,334.8 from its previous close, its biggest increase since May 15.
Ether and smaller tokens such as Avalanche, which were pummelled last week even as Bitcoin held relatively steady, were also up.
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