Thunder Bay – INVESTING – Bitcoin prices have jumped by as much as 8 per cent in trading on Monday. The cryptocurrency is now on course to snap five straight days of losses. Prices for cryptocurrency has sagged by almost a 20 per cent from its all-time high values earlier this month.
Bitcoin was last up 6.7% at $52,452 after touching its lowest since early March on Sunday.
Other major coins including ethereum and XRP , which follow price moves along with bitcoin, were up around 5% and 11% respectively.
Cryptocurrencies prices fell sharply at the end of last week over concerns that President Joe Biden was planning to raise capital gains taxes on digital assets.