RATE Group | Bitcoin Holds Recent Gains Amid a Checkered Market Outlook
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Bitcoin Holds Recent Gains Amid a Checkered Market Outlook

25 Jul Bitcoin Holds Recent Gains Amid a Checkered Market Outlook

Posted at 14:35h in Bitcoin News by

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July 25: Bitcoin (BTC) is holding its newly won gains, having led the week’s impressive uptick to stay above $8,000. Other leading cryptocurrencies are seeing mixed fortunes, according to data from Coin360.

Market visualization

Market visualization from Coin360

Bitcoin (BTC) is trading around $8,200 to press time, down about half a percent on the day. The leading asset surged as high as $8,483 during early trading hours — a price point it has not seen since mid-May — subsequently retracing to its current level.

Bitcoin’s weekly and monthly gains are at a bullish 10 and 34 percent respectively, according to data from Cointelegraph’s price index.

Bitcoin 24-hour price chart

Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index

BTC dominance by market capitalization continues to inch upwards, now at 47.2 percent according to CoinMarketCap, after posting its 2018 record-high earlier this week.

Reddit co-founder Alexis Ohanian — whose VC firm Initialized Capital was one of U.S. crypto exchange

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