Bitcoin Recovers Near $ 48,000 As Long-Term Investors Seek A Value Buy

Bitcoin Recovers Near $ 48,000 As Long-Term Investors Seek A Value Buy

Bitcoin rose to around $ 48,000 on Monday, as long-term investors opted for value buying opportunities after the world’s oldest cryptocurrency fell below the $ 44,000 area on the sell-off. by short-term investors over the weekend. The rise in digital assets also came amid a strong recovery in global markets as yields on US Treasuries stabilized.

Bitcoin has traded in a wide range of $ 43,345.26 to $ 47,919.86 in the past 24 hours and has traded at $ 47,905.24, up 5.3% at around 5:45 p.m. IST, according to the CoinGecko cryptocurrency tracker.

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“The price of Bitcoin has fallen below the price of $ 50,000…

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