Bitcoin is worth over $30,000 again

Bitcoin price rallied somewhat on Monday morning after its recent losses. The main digital currency was worth about 30,500 dollars (about 28,500 euros) around 10:30 a.m. Like stock markets, the value of cryptocurrencies rose after reports that China will ease strict measures relating to the fight against the coronavirus.

Bitcoin has gained some 5.5% in value over the past 24 hours, according to site CoinMarketCap, which tracks digital currency prices. This is the biggest increase in 15 days. At the start of the year, one bitcoin was still worth nearly $48,000. Its current price is 37% below this amount.

For the first time in more than 10 years, the value of bitcoin has fallen successively over the past eight weeks.

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