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Bitcoin reclaims $51,000 as risk appetite improves


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What Is Cryptocurrency? The History of Bitcoin, NFTs, and other  Cryptocurrencies

By Samuel Indyk, 7th December 2021.

Full article on Investing.com – The price of Bitcoin was above $51,000 on Tuesday as risk appetite improved amid positive early signs that the Omicron COVID variant may be less severe than previous variants.

Over the weekend, US pandemic adviser Dr Anthony Fauci said that although it is too early to make any definitive statements on Omicron, it does not look like there’s a “great degree of severity” to the variant.

Bitcoin Price

After touching a low around $42,500 on Saturday, Bitcoin has risen over 20% to trade at its current price near $51,500.

Volatility here to stay?

Some analysts have argued that as Bitcoin matures as a financial market asset that price volatility will lessen going forward.

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