The price of Bitcoin moves to the highest levels of the last days, today, Monday April 26th, attracting other cryptocurrencies as well.
The recovery comes after significant losses from cryptocurrencies last week amid market turmoil over Joe Biden’s administration’s intentions to raise taxes on wealthier Americans.
In cryptocurrency trading, Bitcoin gained 7.75% to $53.354, Ethereum rose 9.93% to $2.479 and XRP gained 12.59% to $1.179.
It is noted that the attention of investors regarding cryptocurrencies is focused on the measures and the legal framework that the financial staffs of the governments consider for their management.
Earlier on Monday, Tesla CEO Elon Musk posted a comment on Twitter that may “hide” his intention for more exposure to cryptocurrencies. “What does the future hodl?” Musk said, a term often used by cryptocurrency investors.