RATE Group | Bitcoin Price Back Above $8K as Pound Sterling Rises on Brexit Deal
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Bitcoin Price Back Above $8K as Pound Sterling Rises on Brexit Deal

17 Oct Bitcoin Price Back Above $8K as Pound Sterling Rises on Brexit Deal

Posted at 17:47h in Ethereum News by

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Thursday, Oct. 17 — Bitcoin (BTC) climbed back above $8,000 as news that the United Kingdom had agreed on a Brexit deal with the European Union ricocheted through markets.

Cryptocurrency market daily overview

Cryptocurrency market daily overview. Source: Coin360

Bitcoin price reclaims $8,000

Data from Coin360 showed Bitcoin behaving more like pound sterling (GBP) on Thursday, gaining 1.3% against the dollar to trade at about $8,100.

Previously, its trading range had remained under the $8,000 boundary since arriving there on Wednesday amid heavy selling pressure. 

As has become characteristic of Bitcoin in recent months, sudden moves up or down continue to produce local volatility, with BTC/USD retaining its new support for only hours so far. 

Bitcoin seven-day price chart

Bitcoin seven-day price chart. Source: Coin360

As Cointelegraph reported, political upheaval, including Brexit, has swayed Bitcoin momentum this year. Now, traders are beginning to appear more buoyant about the future.

Bollinger band inventor John Bollinger said he was eyeing the…

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