Crypto: Bitcoin gains by 5.32 to trade above $55,000

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The Bitcoin which currently ranks as the most priced and popular cryptocurrency in the world on Sunday evening gained 5.32% to trade above $55,000.

This is coming after the crypto had slipped below $51,000 some days ago.

Ethereum also gained 3.23% to trade at $1,671.70 as of Sunday night.

Recently, Microsoft had launched the Decentralized Identity Platform ION on Bitcoin’s Blockchain.

The digital assets had witnessed bearish trading after the chairman of the US Federal Reserve stated that bitcoin and other crypto-assets are really not useful as a store of values.

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