Bitcoin had a terrible January. But it's now back above $  45,000

New York (CNN Besigheid)Crypto fans rejoice: Bitcoin is mounting a comeback.

Bitcoin was trading at $ 45,212.86 during overnight US hours, according to CoinMarketCap, finally topping the $ 45,000 milestone for the first time in roughly a month.
It’s not clear what caused the latest surge, Maar nadat hy vier vlugte gemis het cryptocurrency’s price has been improving in recent days. It finally cleared $ 40,000 again last Friday after weeks of losses.
    Steeds, the coin is down more than 34% from its all-time high — on November 10 — of $ 68,789.63, according to CoinMarketCap data.
      Ethereum, intussen, was handel dryf by $ 3,218.98, meer as 3% higher than it was 24 hours before. That price is down more than 34% from its all-time high of $ 4,891.70, wel.
          Bitcoin hasweathered the recent stormand is gaining momentum, wrote Craig Erlam, a senior market analyst at Oanda, in a Monday research note.
          We’ve seen what bitcoin can do once it gets moving and while it’s still early days, there’s certainly reason to think the worst may be behind it,” Erlam said.
          Investors had been jittery about digital currencies and other risky assets ever since the US Federal Reserve signaled it may unwind economic stimulus more aggressively than expected.
          Governments are cracking down as well. Reuters reported recently that Russia’s central bank has proposed a ban on crypto use and mining. Russia is one of the biggest crypto-mining nations in die wêreld, but its central bank said that digital currencies can pose a threat to the country’s financial stability.
          The Russian proposal came just a few months after China launched a full-scale clampdown on cryptocurrency, banning both trading and mining.
          But some countries are embracing crypto. India is beplanning to launch a digital version of the rupee, becoming the latest country to join the rush to create state-backed virtual currencies.
          And electric vehilcle maker Tesla still has about $ 2 billion in bitcoin on its balance sheet, according to an SEC filing.
            We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash,” the company said in the filing.
            — CNN Besigheid’ Diksha Madhok contributed to this report.

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