RATE Group | Bitcoin Price Holds $10,000 as US Stock Market Sees Minor Uptick
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Bitcoin Price Holds $10,000 as US Stock Market Sees Minor Uptick

01 Aug Bitcoin Price Holds $10,000 as US Stock Market Sees Minor Uptick

Posted at 17:44h in Bitcoin News by

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Bitcoin (BTC) price climbed back above the $10,000 mark again while the top 20 are seeing mostly red on Aug. 1.  

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin price is currently up by 1.06% on the day, trading at around $10,034 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 2.68%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

As Cointelegraph reported earlier today, Raoul Pal, a former head of equities and equities derivatives at Goldman Sachs UK office and the founder of Global Macro Investors and Real Vision Group, believes that Bitcoin is worth betting on in the long term — even if it’s just a 1% chance.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $22.7 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $13.1 billion at press time.

Coin360 data shows that ETH has seen its value decrease by about half a percent over the last 24 hours. At press time, ETH…

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