RATE Group | Bitcoin Bounces Back Above $7,000 as Crypto ATMs reach 3,500
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Bitcoin Bounces Back Above $7,000 as Crypto ATMs reach 3,500

08 Aug Bitcoin Bounces Back Above $7,000 as Crypto ATMs reach 3,500

Posted at 05:05h in Bitcoin News by

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Bitcoin has managed to rise above $7,000 after dropping below that price level on Monday (August 6, 2018). The top-ranked cryptocurrency leads a day of positive price movements for the greater majority of the crypto market. Experts point to the emergence of positive market sentiments as a precursor to an imminent bull run.

Bitcoin Back in the Green

At the time of writing this article, BTC is currently trading above the $7,100 mark cementing its place above $7,000. Traders will be hoping that the top-ranked crypto surpasses and maintain the $7,200 support level. BTC has so far gained more than two percent within the last 24-hour trading period.

Despite the current price growth, its weekly performance is still in the negative, following substantial declines in the first six days of August. BTC has declined more than eight percent since the start of the month. However, the crypto’s 30-day performance stands at 9 percent.

Commenting on the current market situation, Fundstrat analyst and…

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