RATE Group | Bitcoin defiantly in the green as $8.2k beckons
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Bitcoin defiantly in the green as $8.2k beckons

07 Jan Bitcoin defiantly in the green as $8.2k beckons

Posted at 07:37h in Cryptocurrency News by

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  • Bitcoin approaches $8,000 following a rally on Monday.
  • Ethereum bulls strive to hold the price above the 50-day SMA.
  • Ripple futures contract launch on XRP revives interest in the third-largest cryptocurrency.

Cryptoassets across the board rallied on Monday following a weekend of gains consolidation. The rally last Friday saw the digital asset function as safe havens amid tension between the US and Iran. The price action on Monday remained bullish with Ripple leading the altcoins with over 10% in gains.

All of the top three cryptocurrencies corrected higher including Bitcoin which closed in on $8,000 and Ethereum, whose price broke $142 hurdle. The total market capitalization is standing at $206 up from $201 an opening of the session on Tuesday.

Bitcoin price update

Bitcoin is among the few assets keen on consolidation the gains accrued on Monday. The asset is trading 1.43% higher on the day amid a strong bullish trend. Moreover, the expanding volatility…

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