RATE Group | Bitcoin price soared over $450 in the last 24 hours
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Bitcoin price soared over $450 in the last 24 hours

31 Jul Bitcoin price soared over $450 in the last 24 hours

Posted at 13:16h in Bitcoin News by

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The bitcoin price has been moving slowly upwards over the last 24 hours. During Tuesday morning, one bitcoin was traded for about $9,373, and during Wednesday morning the price peaked at about $9,828, according to numbers from Bitstamp.

That is an increase of $455 – or over 4.8 percent. But so far the price is below $10,000.

“It’s great to see a slight upward movement now after a period of stagnant bitcoin prices. At the same time, many are predicting a decline to around $8,500, which can be a warning bell. The risk is that this will be a self-fulfilling prophecy when people get nervous and therefore sell their holdings with the intention of buying back at $8,500”, says crypto expert Totte Löfström to Trijo News.

Pretty stagnant bitcoin price

Bitcoin’s total market cap has also increased over the last 24 hours – from $168 billion to $174 billion.

Bitcoin currently represents 64.6 percent of the total market cap of all cryptocurrencies, according to 

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