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Digital currencies are making a comeback and “Bitcoin” crosses $20,000!


Bitcoin breached the $20,000 level for the first time in nearly a week today, Tuesday, as the cryptocurrency rebounded along with other risk-sensitive assets in Asian trade.

Bitcoin, the largest cryptocurrency by market capitalization, rose more than 5 percent to $20,286.

Ether, the second largest digital currency, rose 4 percent to $1,389.

The dollar eased slightly after hitting a fresh high on Monday, as it rose 0.29 percent to 143.78 yen, and continued to climb to a 24-year high of 145.90 hit on Thursday.

But after Japanese authorities intervened and bought the yen for the first time since 1998, the dollar fell to 140.31 on the same day.

The dollar index rose 0.76 percent to 114, having previously touched 114.58 for the first time since May 2002.

Source: Lebanon Debate

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