Bitcoin rises above $42,000 mark in mixed trade

Author: Monitoring Desk

The cryptocurrency market remained mixed after falling for two consecutive days, with market capitalisation shedding 0.3 percent to reach $2.1 trillion.

As of 1230 hours GMT on Wednesday, the largest cryptocurrency Bitcoin’s price surged by 0.86 percent to reach $42,103. With this increase in price, the market capitalisation of the biggest crypto has reached $797.1 billion.

Bitcoin and traditional market risk assets remain under pressure as US Treasury bond yields continue to rise on expectations of earlier and quicker rate hikes by the Federal Reserve.

Share
Leave a Comment

Recent Posts

  • Op-Ed

Legislative Developments in Compliance with UNCRC

In August 2023, Pakistan submitted its consolidated sixth and seventh periodic reports to the UNCRC…

1 hour ago
  • Op-Ed

Trump Returns: What It Means for Health in Pakistan

United States presidential election was held on Tuesday, November 5, 2024, in which Donald Trump…

1 hour ago
  • Op-Ed

A Self-Sustaining Model

Since being entrusted to the Punjab Model Bazaar Management Company (PMBMC) in 2016, Model Bazaars…

1 hour ago
  • Op-Ed

Lahore’s Smog Crisis

Lahore's air quality has reached critical levels, with recent AQI (Air Quality Index) readings soaring…

2 hours ago
  • Editorial

Fatal Frequencies

Fog, smog or a clear sunny day, traffic accidents have sadly become a daily occurrence…

2 hours ago
  • Editorial

Climate Crisis

PM Shehbaz Sharif has stressed the urgent need for developed nations to take responsibility for…

2 hours ago