Bitcoin climbs above $3,400

Headed for the biggest daily rise in nearly three weeks


Reuters December 18, 2018
A bitcoin logo is seen at a facility of the Youth and Sports Ministry in Caracas, Venezuela February 23, 2018. PHOTO: REUTERS

LONDON: Bitcoin rose sharply on Monday, climbing above $3,400 in a move traders ascribed to heavy buying on Japan and Hong Kong-based exchanges.

Bitcoin sinks to two-month low

The original cryptocurrency jumped as much as 11 the on the Bitstamp platform and was headed for its biggest daily rise since November 28.

The bigger Cryptocurrencies get, the worse they perform

Bitcoin has fallen around 80 per cent from its record high last December. In the last three months, it has fallen nearly 50 per cent.

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