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Bitcoin trading at best level in two weeks
Bitcoin rose to its highest level since Feb. 23 on Tuesday amid continued interest in digital assets from big institutions.
The largest cryptocurrency rose as much as 3.6% to around $53,761. Rival Ether also reached its highest point in two weeks, gaining 3.7% in the wake of Chinese beauty app Meitu Inc. saying it had bought not just Bitcoin, but Ether as well.
“Bitcoin and Ethereum bullishness are back as more big-money bets keep flowing into cryptocurrencies,” said Edward Moya, senior market analyst at Oanda. “Institutional interest still seems strong.”
[Bloomberg]
Bitcoin rose to its highest level since Feb. 23 on Tuesday amid continued interest in digital assets from big institutions.
The largest cryptocurrency rose as much as 3.6% to around $53,761. Rival Ether also reached its highest point in two weeks, gaining 3.7% in the wake of Chinese beauty app Meitu Inc. saying it had bought not just Bitcoin, but Ether as well.
“Bitcoin and Ethereum bullishness are back as more big-money bets keep flowing into cryptocurrencies,” said Edward Moya, senior market analyst at Oanda. “Institutional interest still seems strong.”
[Bloomberg]