Bitcoin Returns To $ 50,000 Level As ‘HODLers’ Remain

Bitcoin Returns To $ 50,000 Level As 'HODLers' Remain

NEW DELHI: Recovered Bitcoin recovered to the $ 50,000 level on Tuesday, as the recent drop in cryptocurrency prices attracted buyers, while existing investors held positions.

The world’s largest cryptocurrency hit a record high of $ 58,640 on February 21, but the rally looking tense, prices fell to a low of $ 43,343 last week. “The market has started to recover again and the pullback seen last week may well end in failure overall,” said Sathvik Vishwanath, co-founder and CEO of Unocoin.

According to the blockchain data and intelligence provider Glassnode, while the correction created a signature …

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