Monday, May 29, 2017

Dubai

Volatility ebbed in Bitcoin as traders eyed new moves, after the cryptocurrency witnessed huge gyrations last week, when it hit a record high.

Bitcoin rose 1.74 per cent to $2,246.03, according to coindesk data. The cyrptocurrency hit a peak of $2,779, on Thurday, but dropped to a weekly low of $1,974 on Saturday.

The cryptocurrency has seen volatile price swings since December, driven mainly by investors looking for alternative safe havens and wider acceptance in commercial markets.

Siddesh Suresh Mayenkar, Senior Reporter

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