Bitcoin Value

The Fed on Wednesday delivered a third straight interest-rate cut while signaling a slower pace of monetary easing next year to keep inflation in check, sending global stocks into a tailspin

Bitcoin, the world's biggest and best known cryptocurrency, extended gains to a session high of $107,148 and was most recently at $106,877, up 5.43% from late Friday

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Bitcoin, the largest cryptocurrency by market cap, regained the $22,000 level and was trading at $22,241.17, over 4 per cent higher than the last close

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The currency gained as much as 7.8 per cent to $34,182.75, before slipping to about $33,970 as of 3:05 p.m. on Sunday in Singapore

The original cryptocurrency gained more than 1,300 percent last year

A series of negative news has buffeted Bitcoin and rival cryptocurrencies, with losses intensifying since the start of 2018

Bitcoin slumped as much as 17 per cent to $14,820, the most in more than two weeks

On Saturday, bitcoin,the largest cryptocurrency by market value, rose 6.6% to $14,978 at 11:41 am London time, compared with 24 hours earlier, according to data on coinmarketcap.com

Big US banks, including JPMorgan Chase and Citigroup , will not immediately clear bitcoin trades for clients once investors start trading futures contracts

As of 1320 GMT it had recovered to around $14,400, still down 13 per cent on the day

It was still up more than 30 per cent for the week

Is Bitcoin valuable? It has no industrial or decorative uses, and it doesn't entitle the holder to receive interest