Bitcoin Up 5% Reaching $40,500 in Sign of Strong Recovery

© AP Photo / Dado RuvicA representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021 - Sputnik International, 1920, 26.04.2022
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MOSCOW (Sputnik) - The price of the Bitcoin increased by more than 5% on Tuesday, reaching $40,500, according to trading data.
Data from Binance, the largest cryptocurrency exchange in terms of trading volume, showed that Bitcoin grew in price by 5.18% in a day, reaching $40,511 as of 09:36 GMT.
According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, Bitcoin rose in price by 5.25% up to $40,516 in a day.
Bitcoin is growing in price after three weeks of a continuous fall, when its value fell by 13%, the data showed.
In November, Bitcoin's price reached a historic record of $69,000, and has lost more than 40% of value since then.
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