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Bitcoin jumps 7% and regains $70,000 levels
Cryptocurrency leader Bitcoin rose to start the last week of March strong, regaining the $70,000 level.
The price of the main cryptocurrency rose, during Monday, by about 7% to $70,617.68, according to Coin Metrics.
MicroStrategy recorded strong gains after its shares rose by 17%, while Coinbase rose.
Since March 11, Bitcoin has not managed to rise for two consecutive days so far. The currency rose by 9.3% on Wednesday, March 20, but the currency quickly lost its gains with outflows and sales by the Grayscale Fund.
In recent days, Bitcoin has been exposed to fluctuations after it reached its highest levels above $73,000, after breaking its previous record near $69,000.
While the currency's 10% jump on Wednesday against the backdrop of the US Federal Reserve's stance promised a quick recovery, the price movement since that time reflects otherwise.
Bitcoin is awaiting the halving event scheduled to occur next April, with some analysts expecting the value of the cryptocurrency to rise with its limited supply in light of the mining reward being cut in half during this event.
