Bitcoin is Recovering
Burc Oran
December 24, 2021
Bitcoin

Bitcoin climbs above $50,000 again on Friday, while Ether is close to $4,100.

With the positive mood in the financial markets in general, Bitcoin climbed above $ 51 thousand, reaching the highest level of the last two weeks.

The crypto money, which has risen close to 4 percent in the last two days, reached $ 51 thousand 524 on Friday, while Ether, the second-largest cryptocurrency, approached $ 4 thousand 100.

Bitcoin investors focused on the $53,000 and $55,000 levels after the $51,000 resistance. Cryptocurrency-related stocks in Asia found support from the rise in the markets.

Baird Investment Strategist Ross Mayfield stated that he sees Bitcoin as an asset with a high beta risk. He said that ” “Bitcoin rises excessively when risk appetite rises and falls excessively when risk appetite falls.’’

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