RATE Group | Bitcoin Has Been Holding Strong Above $7,000
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Bitcoin Has Been Holding Strong Above $7,000

21 Jul Bitcoin Has Been Holding Strong Above $7,000

Posted at 01:41h in Bitcoin News by

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Bitcoin prices have been trading range-bound above $7,000 lately. Shutterstock

Bitcoin prices have been trading north of $7,000 since breaking through that key price level earlier this week.

However, what does this mean?

“The price action these past few days has indeed been encouraging,” stated Mati Greenspan, senior market analyst for social trading platform eToro. 

The digital currency rose to as much as $7,574.90 on Wednesday, after surpassing $7,000 for the first time since June, according to the CoinDesk Bitcoin Price Index (BPI).

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Since Tuesday, Bitcoin prices have been trading between $7,200 and $7,600, additional BPI figures show.

‘Bitcoin is in limbo’

“Bitcoin is in limbo at the moment,” said BitBull Capital CEO Joe DiPasquale.

The digital…

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