Bitcoin Tops $35,000 for Fresh Record as Wild Swings Re...
Jan 6, 2021, 6:39 AM – Updated on Jan 6, 2021, 1:47 PM Word Count: 468 The famously volatile digital coin advanced as much as 6% to $35,842, surpassing the previous high set Jan. 3, and was trading at $34,988 as of 6:47 a.m. in New York. It had plunged as much as 17% on Monday. Bitcoin quadrupled in 2020. A range of factors have been cited for Bitcoin’s ascent, showing how hard it is to pinpoint the proximate cause for the latest bout of volatility. Some traders pointed to a JPMorgan Chase & Co. long-term price forecast of as much as $146,000, while others cited the overall risk-on mood i...
Source: dailymaverick.co.za