Bitcoin tops $25,000 to hit eight-month high

Bitcoin tops $25,000 to hit eight-month high - Check out the story here

Bitcoin reached its highest point of $25,249 since June and the first time it topped $25,000 since August.

[{"selector":"#anim-a5a2ed2b-fe88-4476-8fe7-ce9a5e37dcd9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.74910490725541%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Arrow

[{"selector":"#anim-084f095b-97a1-473e-b0c1-8f5fbc31742e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(5.7991122172787595%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The digital coin has soared by 50 percent since the start of the year, though it remains far off its peak of $68,992, which it reached in November 2021. Arrow

[{"selector":"#anim-8d400810-3d11-4f3c-afa3-2aba24c74b31 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-8.718922401441723%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] A more optimistic outlook for the world economy is propping up the markets, including cryptocurrencies, with Paris and London stock exchanges hitting all-time highs on Thursday. Arrow

[{"selector":"#anim-99b9ca52-9374-4f74-a1b4-d98cacdd68da [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] US officials are cracking down on the cryptocurrency sector after the uproar caused by the recent bankruptcy of FTX and Alameda Research. Arrow

[{"selector":"#anim-4e4b6383-409c-4dfc-8759-81a9c2821114 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.82193393460507%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] US regulators on Monday ordered crypto firm Paxos Trust to stop issuing dollar-pegged cryptocurrency BUSD, a stablecoin, for trading platform Binance. Arrow

[{"selector":"#anim-11a56c70-f563-478b-819e-473231a43767 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] As stablecoins are backed by one or more national currencies with a near fixed rate of exchange they don't experience the swings in value that cryptocurrencies like Bitcoin have seen. Arrow

Hope you people found the story informative. For more such interesting stuff, click on the link given below

[{"selector":"#anim-880e7a03-289a-4860-820c-ac9eebde1ca7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Arrow SWIPE UP