Bitcoin pulls back after rising above $81,000 amid market optimism

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Bitcoin pulls back after rising above $81,000 amid market optimism
Photo: Mark Humphrey/AP/TT

But in afternoon trading, the cryptocurrency has fallen back as long-term market interest rates fall and stock markets rise on renewed hopes for a peace settlement in the Middle East.

Shortly after 2 p.m., one bitcoin cost $79,000.

Interest in bitcoin in the market received new fuel last week, with a rise of over 20 percent after US long-term interest rates started to rise and the debt-laden Trump administration chose to try to mitigate interest-rate pressure with additional bond buybacks.

However, it is still a long way from the record high of around $126,000 per bitcoin from October last year.

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TT News AgencyT
By TT News Agency. English edition by Sweden Herald, adapted for our readers

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