Bitcoin has in recent weeks struggled to secure a decisive break above the $12,000 mark, which, according to industry website Coindesk, suggests that the coin’s bull run has run out of steam. The online publication said that the coin would need a “high-volume” weekly close above $12,000 to revive its rally.
In today’s trading, the Bitcoin price stood at $11,909.79, as of 10:19 BST. The digital currency has gained 2.8% in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at $212.76 billion, which represents 68.9% of the combined value of all digital currencies.
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