By Babajide Okeowo
Bitcoin, the world’s most popular crypto asset surged from $30,300 to $35,400 and still showed no signs of slowing down.
This latest rebound is coming on the heels of a dip by the cryptocurrency earlier on Monday which saw it dipped as far as $33,447, its lowest since January 6.
Similarly, Ethereum which often moves in tandem with bitcoin, fell as much as 20 per cent to a one-week low of $1,007.51.
However, in less than eight hours, bitcoin surged from $30,300 to $35,400. Since the start of 2021, the most popular crypto asset has gained about $5,000 this year alone amid strong buying pressure from leading financial brands across the world.
At press time, Bitcoin traded at $35,402.67 with a daily trading volume of $11 billion. Bitcoin is down 1.07% for the day.
Recall that on Monday, Bitcoin and the rest of the crypto market dipped suddenly, with bitcoin losing as much as $10,000 in a day. However, it quickly bounced back, recovering most of its value as the dip was rapidly bought up by eager investors waiting to be part of Bitcoin’s meteoric rise.