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Bitcoin edging closer to $3,600

Bitcoin edging closer to $3,600

Mubasher: Cryptocurrency prices continued to rise on Tuesday, supported by increased demand.

Bitcoin added 4.4% and reached the level of $3,590.4, further extending its gains over the course of the past seven days to 5%.

However, the digital currency is down nearly 75% compared to its all-time high that was recorded a year ago.

In December 2017, Bitcoin was close to the $20,000 level.

Meanwhile, Ethereum rose 6.2% to $96.12, Ripple jumped 11.4% to $0.338345, and Bitcoin Cash recovered from some of its recent losses by $91.06.