Profit Sheets

Bitcoin jumps as much as 8%, on course to snap five days of declines

April 26, 2021 07:34 PM

Bitcoin jumps as much as 8%, on course to snap five days of declines
Bitcoin jumps as much as 8% on Monday and was on course to snap five straight days of losses, though the cryptocurrency has slumped.

Bitcoin jumps as much as 8% on Monday and was on course to snap five straight days of losses, though the cryptocurrency has slumped almost a fifth from its all-time high hit earlier this month.

Bitcoin was last up 6.7% at $52,452 after touching its lowest since early March on Sunday. Other major coins ethereum and XRP,  Bitcoin jumps as much as 8%; which tend to move in tandem with bitcoin, were up around 5% and 11% respectively.

Also Read: TechM Q4 profit rises 34.5% YoY; announces dividend of Rs 30 per share

Cryptocurrencies fell sharply on Friday on concern that U.S. President Joe Biden’s plan to raise capital gains taxes would curb investments in digital assets, though they later recovered some of their losses. Bitcoin has lost over 19% from its April 14 record of almost $65,000. Still, the cryptocurrency has risen over 80% this year, fuelled by growing adoption from mainstream investors and companies such as Tesla Inc.

Cryptocurrencies fell sharply on Friday on concern that US President Joe Biden`s plan to raise capital gains taxes would curb investments in digital assets, though they later recovered some of their losses. Bitcoin has lost over 19% from its April 14 record of almost $65,000. Still, the cryptocurrency has risen over 80% this year, fuelled by growing adoption from mainstream investors and companies such as Tesla Inc.

Bitcoin jumped as much as 8% on Monday and was on course to snap five straight days of losses, though the cryptocurrency has slumped almost a fifth from its all-time high hit earlier this month. Bitcoin was last up 6.7% at $52,452 after touching its lowest since early March on Sunday. Other major coins, ethereum and XRP, which tend to move in tandem with bitcoin, were up around 5% and 11% respectively.

Leave a comment

Your email address will not be published. Required fields are marked *

Market Live Updates


Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy  Click Here
Asian Paints 2577.00 Buy  Click Here
HDFC 2448.00 Buy  Click Here
HDFCAMC 2790.00 Buy  Click Here
TCS 3120.00 Buy  Click Here



NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
ITC 253.75 1.83 1,26,68,576
M&M 807.10 1.73 48,32,584
JSWSTEEL 728.65 1.55 42,75,780
TATACONSUM 776.30 1.36 21,46,724
HINDUNILVR 2,043.00 1.34 16,38,568
COMPANY LTP %CHNG VOLUME
HINDALCO 569.90 -4.98 1,67,38,310
DIVISLAB 4,431.15 -2.37 3,48,495
APOLLOHOSP 4,525.45 -1.94 8,77,622
RELIANCE 2,634.00 -1.46 33,99,115
CIPLA 1,014.65 -1.39 12,17,592