RATE Group | Bitcoin price well up over $7,000 again with Saturday gain
40896
post-template-default,single,single-post,postid-40896,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin price well up over $7,000 again with Saturday gain

02 Sep Bitcoin price well up over $7,000 again with Saturday gain

Posted at 08:23h in Bitcoin News by

[ad_1]

Bitcoin price drops over month of August

A CoinDesk analysis published at 11:00 on August 31st noted that BTC is set to end August facing double digit losses but claims that a closer look at the price action shows that there could be better times ahead. At the time the article was written bitcoin was trading at just $6,940 down fully 10.7 percent from the opening price August 1 at $7,227 according to data at ConDesk’s Bitcoin Price Index. However, losses would be much higher if the price had not recovered substantially from the low seen on August 14 below $5,900.

Bitcoin saw substantial bear and bull markets during August

The first half of August was dominated by sellers and the negative reaction to the US Securities and Exchange Commission’s (SEC) disapproval of an application for a bitcoin exchange traded fund (ETF ) by the Winklevoss brothers in late July. However, by the middle of the month the bear market ran out of steam. Technical charts showed a corrective rally…

[ad_2]

Source link

Tags:
, , , ,