Home Cryptocurrency Goldman Sachs endorsement Bounces Back the Price of Bitcoin to 15 Per cent

Goldman Sachs endorsement Bounces Back the Price of Bitcoin to 15 Per cent

by Blessing Ubani
Crypto investors in shock after bruising trading day

As of Monday, the total market capitalization of the cryptocurrency gains lies at 2.4% in the last 24 hours.

Bitcoin the first largest digital coin reached a price high of $50,244 per unit at around 7:26 p.m. At the moment of writing,  the BTC’s overall market valuation is around $926 billion with $22.83 billion in global trade volume.

Bitcoin’s current price is over 15 per cent higher than its low $43,021 price as of February 28th.

Out of all the digital assets in existence, BTC’s market dominance in terms of market valuation against the $1.44 trillion in value is 61.02% today.

However, the endorsement of the cryptocurrency market by two major investment banks, Citigroup and Goldman Sachs, could further validate the digital currency market and intensify capital inflows in the near term. 

Bitcoin is still down at 8 per cent for the week but is up to 44.92 per cent against the U.S. dollar in the last 30 days.

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