Bitcoin & Ethereum rises - Economist

Bitcoin price rose and crossed the $ 50 thousand barriers last Monday for the first time since May 2021, but the recovery of the cryptocurrency "Bitcoin" from a months-long slump lost a little momentum and record heights.

In the latest trading, bitcoin was trading 1.2% higher at $47,642 after it jumped a few days ago, as investors bet that the possibility of increased stimulus spending in the United States will lead to greater gains.

We find that the bitcoin currency has recorded a gain of about 82% since it reached its lowest level this year at $ 27,700 last January, as a result of the fierce campaign launched by China and many countries against bitcoin and cryptocurrencies.

In the same context, the “Ethereum” price increased by 2.28 percent to $3,131, and the virtual currency has risen 91 percent since dropping below $1,740 last month.

The recovery of cryptocurrencies comes at a time when some large financial services companies are offering their customers access to virtual currencies such as Tesla and others.

PayPal said a while ago that it would allow UK customers to buy, sell and hold bitcoin as well as other cryptocurrencies.