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After giving a massive jolt to the cryptocurrency fans, Tesla CEO Elon Musk has now come forward to help form a Bitcoin Mining Council that will promote energy usage transparency
Bitcoin was trading 12% higher, at $37,655 as of 10:58 am in New York
Bitcoin climbed as high as $37,391
Cryptocurrencies fought to find a footing after even weekend cheerleading from Tesla boss Elon Musk seemed unable offset selling pressure from spooked investors
Bitcoin's price is up nearly 16 per cent so far in 2021 after being up 122 per cent at one point
Asian shares got off to a cautious start on Monday as investors awaited key US inflation readings for guidance on monetary policy, while Bitcoin tried to steady after being hammered
Bitcoin is now down 48 per cent, from the year's high
If the mega cryptocurrency has left you nervous, hold your nerves as there is a silver lining in the mayhem the crypto asset class experienced last week
Bitcoin rose after Musk's post to trade at around $38,150 as of 12:27 p.m. London time
We see a possibility of the Indian government considering forming a panel to regulate cryptocurrencies as digital assets than tokens, Gupta said
The world's largest and most popular cryptocurrency last traded down more than 6% at $38,293 after holding the $40,000 level for most of the Asian and London sessions
Bitcoin was little changed on the day at $40,256 on the Bitstamp exchange.
Despite downside risks and this week's volatility -- which saw Bitcoin slide about 31 per cent and jump roughly the same percentage on Wednesday -- crypto bulls are undaunted
Wall Street's main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims lifted the mood
Investors with low appetite for volatility must avoid it altogether
There were signs that a top was near, from the Coinbase IPO to Elon Musk on Saturday Night Live. But the cryptocurrency has risen from the dead before
Analysts said the upheaval was far from over.
Bitcoin was up 9.5% at $40,265 having nearly slid though $30,000 on Wednesday and been almost at $65,000 just over a month ago
This is the second instance of Mumbai-based WazirX's server crashing this month, and the third since April