Bitcoin rose Wednesday, clambering back above $8,000 just one day after the No. 1 cryptocurrency dipped under $6,000 intraday.
The price of a single bitcoin
was up by 7% to $8,130 late Wednesday in New York, according to CoinDesk data. It has climbed as high as $8,583 intraday, but remains far below its December peak above $19,000.
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February Bitcoin futures on the Cboe Global Markets
gained $685, or 9%, to settle at $8,265, while those on the CME Group Inc.
added 9.2%, or $695, to end at $8,245.
On Tuesday, the virtual currency fell below $6,000 to levels last seen in mid-November but then rallied as U.S. stocks
The recent advance comes even as a Goldman Sachs analysts suggested many cryptocurrencies will fall to zero, echoing what other analysts have said.
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