Bitcoin rose to $33,000 on Wednesday. This took it above the $30,000 threshold that it broke on Tuesday. It was able to recover its year-to-date losses because long-term Bitcoin believers remained faithful to their digital token.
Bitcoin traded at $33,983 on Wednesday morning, up 7.53% from its previous trading session. Ether, the number 2 digital currency, was up 6.19% at $1.995.90 in early trading on Wednesday. Ether, the No. 2 digital currency, rose 6.19% to $1,995.90. XRP, on the other hand, was up almost 10% at 63.26 Cents. Dogecoin, a meme-currency that has suffered severe losses in the cryptocurrency market turmoil over the past week, was up 16.17% to 21.18 cents.
Coinbase, a cryptocurrency-related company, has shared coin), Riot BlockchainRIOT?? –Get a ReportMarathon Digital (MARA?? –ReportBit Digital (BTBT???Get a ReportThey were also moving higher.
Cathie Wood of Ark Invest took advantage of the Bitcoin downturn by purchasing another 214 718 Coinbase shares on Tuesday, increasing its holdings to 4.7 Million shares.
Bitcoin lost over 50% since its April high of nearly $65,000 in mid-April. After a fourfold increase of bitcoin in 2020, the digital coin began trading at $29,000 in 2021.