RATE Group | Bitcoin experiences biggest price gains in months as cryptocurrency market recovers
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Bitcoin experiences biggest price gains in months as cryptocurrency market recovers

23 Jul Bitcoin experiences biggest price gains in months as cryptocurrency market recovers

Posted at 15:47h in Cryptocurrency News by

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Bitcoin hit a two-month high over the weekend, as the world’s leading cryptocurrency continues to recover from its worst ever start to a year.

The price of bitcoin reached above $7,700 on Monday, according to CoinMarketCap, up by almost $2,000 since the end of June. Its current value is still a long way off its 2017 peak, when it reached close to $20,000 amid a flurry of interest in the virtual currency.

The latest gains also fall short of some analysts’ predictions, who forecast that bitcoin would rise above $10,000 in May and…

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