Bitcoin briefly rose above $24,000 for the first time in over a month. The prices of many digital currencies have been on the rise again in recent days, after having fallen sharply before. Investors again seem to want to take more risk with investments in crypto coins.
Bitcoin rose by more than 4 percent to $ 24,275, but later fell back below $ 24,000. The largest and best-known crypto coin has increased in value almost 20 percent in a week.
The share price is also helped by gains in equity markets, as fears of a recession have been pushed into the background by strong central bank rate hikes. Ether, the second-largest crypto currency, has also clearly appreciated in the past seven days.
At the beginning of this year, the bitcoin was still worth more than $ 47,000, but in mid-June the price dropped to below $ 18,000. In November last year, the digital currency peaked at a record level of more than $68,000.
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