Crypto at a glance
The Bitcoin price shot back up to $35k again last night, having dropped to $30k late on Friday. It’s currently up five per cent over the last 24 hours. The price is still looking volatile in the short term and has been bouncing between $30-40k for the last six weeks now. However, it will be reassuring to many that it’s holding above $30k, particularly given the doom and gloom lately.
The crypto markets generally seem in two minds about which way they want to go next, but good news continues to filter in – particularly from Central America. Paraguay is looking to join El Salvador in adopting Bitcoin as legal tender, while the owner of Mexico’s Banco Azteca – Ricardo Salinas Pliego – is working to make his bank the first in Mexico to accept the largest cryptocurrency. It feels like we’re asking the same question every Monday at the moment, but can Bitcoin really use $30k as a springboard to greater things this week?
Ethereum is actually leading the way today, up around 10 per cent and trading above $2,000 again for the first…
