Bitcoin has been trying, to reclaim the $12,000 mark ever since it managed to bounce back from a 11-day low of $9,737.88 on July 2. The coin has so far had little success, as it only managed to briefly top the level on Thursday.
In a recent interview with Bloomberg TV, billionaire investor Mike Novogratz forecast that “we’re going to see the market consolidate between $10,000 and $14,000 for a while before it takes off the next leg higher”.
In today’s trading, the Bitcoin price stood at $11,891.49, as of 11:56 BST. The digital coin has gained 5.5% in the past 24 hours. Its total market cap currently stands at $211.7 billion, which represents 62.8% of the total combined value of all digital currencies.
Featured image: Beautyimage / Shutterstock.com
The post Bitcoin price (BTC/USD) rallies towards $12,000 on Monday morning appeared first on The Independent Republic.
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!