Bitcoin price (BTC/USD) rises to 8-day high above $8,100
While BTC has experienced some negative price action today, especially in early trading when it fell to an intraday low of $8,087.38, its performance has, for the most part, been stable. At the time of writing, the Bitcoin price was hovering just above the $8,100 mark, according to data from digital currency tracker Coinmarketcap.
Yesterday’s rise was somewhat unexpected, as it came amid what appeared to be waning bull sentiment. Bitcoin had spent the previous seven days trading in the $7,500-$8,100 range, unable to secure a decisive breakout. It remains to be seen whether the most recent uptick could spark a meaningful rally above the $8,100 level.
In today’s trading, the Bitcoin price stood at $8,109.42, as of 11:04 BST. The digital currency has gained 1.6% in the past 24 hours. The coin’s total market capitalisaition currently stands at almost $144 billion, which represents 55.1% of the combined value of all digital currencies.
Featured image: chanchai howharn / Shutterstock.com
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source: https://theindependentrepublic.com/bitcoin-price-btc-usd-rises-to-8-day-high-above-8100/
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