Strong Buyer Demand Pushes Bitcoin Up

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Kuala Lumpur: Bitcoin is up more than 6% yesterday after breaching $47,000 on the back of strong buyer demand to land at $49,000 on Saturday morning.

CoinDesk data shows the world’s largest crypto by market cap has hit a 24-hour high of $47,359 and is now posting a 62.2% year-to-date return.

Other cryptos also jumped up considerably. Cardano, ether, polkadot, uniswap and polygon all clocked the largest gains over a 24-hour period.

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