Bitcoin breaks above $35,000 to touch new high

By: |
January 06, 2021 11:08 AM

Bitcoin traded above $35,000 for the first time in Asia on Wednesday, rising to a high of $35,879 and extending a rally that has seen the digital currency rise more than 800% since mid-March.

"The government will explore the use of the blockchain technology proactively for ushering in the digital economy," Thakur said in a written reply to a question on introduction of India's own crypto-currency.Crypto industry is open to being regulated, but a blanket ban is something that will harm the entire country’s financial and technology ecosystem.

Bitcoin traded above $35,000 for the first time in Asia on Wednesday, rising to a high of $35,879 and extending a rally that has seen the digital currency rise more than 800% since mid-March.

The world’s most popular cryptocurrency crossed $20,000 for the first time ever on December. 16.

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