August 16, 2022

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Bitcoin price rises to its highest level in a month

Bitcoin price rises to its highest level in a month

Cryptocurrency Bitcoin rose during Tuesday’s trading, leaving its trading range in nearly a month.

On Tuesday, the price of the largest digital currency surged 9.1% to $23,439 per unit, its highest level since mid-June, before the collapse of crypto-lending firm Celsius Networks.

The price of the smaller digital currency “Ether” also rose about 11% in one trading session, and shares of “Solana” rose more than 10% before retreating as trading progressed.

And “Bloomberg” news agency pointed out that “Bitcoin” is moving between 19 thousand and 22 thousand dollars per unit for a month, in light of investors trying to heal their wounds and absorb their losses as a result of tightening monetary policies. The crisis came with the collapse of “Celsius” and “Terra” companies. USD last May.

Bitcoin hit a peak of around $62,000 per unit last November.

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