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Bitcoin closes in on $40,000 as bulls flood in again and ECB boss Christine Lagarde labels cryptocurrenci.. – Business Insider
The Bitcoin price rose past $38,000 – continuing its volatile price swings – as investors returned to the cryptocurrency market on Thursday.
REUTERS/Dado Ruvic/Illustration
Bitcoin rose sharply once again on Wednesday evening and Thursday morning, climbing past the $40,000 mark.
It has been a volatile few weeks for bitcoin, with its price hitting an all-time high of close to $42,000 last week before paring. The price has consistently swung around 10% a day as investors buy in and cash out of the cryptocurrency, which has surged more than 330% in a year.
Bitcoin climbed as much as 7.5%, to $40,094.81. Its smaller rival Ethereum rose 7.2%…
