Bitcoin rises sharply amid global tensions over its uncertain future


Devdiscourse News Desk | Updated: 17-12-2018 19:33 IST | Created: 17-12-2018 19:29 IST
Bitcoin rises sharply amid global tensions over its uncertain future
The original cryptocurrency jumped as much as 11 per cent on the Bitstamp platform and was headed for its biggest daily rise since Nov. 28. (Image Credit: Twitter)

Bitcoin rose sharply on Monday, climbing above $3,400 in a move traders ascribed to heavy buying on Japan and Hong Kong-based exchanges.

The original cryptocurrency jumped as much as 11 per cent on the Bitstamp platform and was headed for its biggest daily rise since Nov. 28.

Bitcoin has fallen around 80 per cent from its record high last December. In the last three months, it has fallen nearly 50 per cent.

(With inputs from agencies.)

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