RATE Group | Bitcoin Price Hovers Above $8,000 While XRP Jumps 5% on the Day
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Bitcoin Price Hovers Above $8,000 While XRP Jumps 5% on the Day

18 Oct Bitcoin Price Hovers Above $8,000 While XRP Jumps 5% on the Day

Posted at 00:16h in Bitcoin News by

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Thursday, Oct. 17 — Bitcoin (BTC) is hovering just above the $8,000 price mark, while XRP shows impressive gains on the day.

Cryptocurrency market daily overview. Source: Coin360

For most of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,000 and $8,100. BTC traded from an intraday low of around $8,010 up to $8,135 before hitting its current trading price of $8,062, showing a subtle gain of around 1% in the past 24 hours.

Cointelegraph reported today that notorious crypto skeptic Nouriel Roubini had finally conceded to saying that Bitcoin is “a partial store of value.” However, his comment was swiftly followed by continued criticisms:

“Maybe Bitcoin is a partial store of value but it’s not a unit of account, it’s not a means of payment, it’s not scalable […] in spite of its rally earlier this year, it’s lost 60% in value since its peak, so I don’t see it going anywhere frankly.”

Bitcoin 7-day price chart. Source: 

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