“Bitcoin defies gravity once again, soaring by 3.95% to reach an impressive $31,187, as its unstoppable rally offers a glimmer of hope in an uncertain market.”
Bitcoin Rises 3.95% to $31,187
Bitcoin, the world’s largest cryptocurrency, experienced a 3.95% increase in value, reaching $31,187 at 17:05 GMT on Monday. This surge added $1,185 to its previous close. It is worth noting that Bitcoin is currently up 17.5% from its lowest point this year, which was $26,533 on October 11.
In addition to Bitcoin’s rise, Ether, the coin associated with the ethereum blockchain network, also saw a positive increase. Ether rose by 1.39% to $1,687.3 on Monday, adding $23.2 to its previous close.
The upward movement in Bitcoin’s value also had a positive impact on cryptocurrency and blockchain-related companies. Shares of Coinbase Global and Marathon Digital Holdings increased by 6.5% to 11.9%.
It is important to stay updated on the latest developments in the cryptocurrency market, as they can have a significant impact on the financial industry and investment opportunities.
Reporting for this article was done by Kanjyik Ghosh in Bengaluru, with editing by Krishna Chandra Eluri.
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