Bitcoin price (BTC/USD) hovers below $12,000 on Thursday morning
While Bitcoin has seen some ups and downs since the start of today’s trading, the coin has been relatively quiet so far in the session. The coin rose to as high as $11,976 in early trading, but more recently dropped to around $11,780. At the time of writing, the Bitcoin price was hovering around the $11,900 mark, according to data from digital currency tracker Coinmarketcap.
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.
Featured image: Igor Batrakov / Shutterstock.com
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source: https://theindependentrepublic.com/bitcoin-price-btc-usd-hovers-below-12000-on-thursday-morning/
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