RATE Group | Crypto Markets Are Turning Green, Bitcoin Recovers Above $8,200
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Crypto Markets Are Turning Green, Bitcoin Recovers Above $8,200

21 Oct Crypto Markets Are Turning Green, Bitcoin Recovers Above $8,200

Posted at 01:49h in Bitcoin News by

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Sunday, Oct. 20 — Crypto markets are slowly turning green, with Bitcoin (BTC) showing signs of recovery as it finds its way back above the $8,200 price mark.

Cryptocurrency market daily overview. Source: Coin360

Cryptocurrency market daily overview. Source: Coin360

Bitcoin has been trading below the $8,000 price mark for the better part of the day but is showing signs of recovery in recent hours. The world’s largest cryptocurrency traded at an intraday low of around $7,950, before grinding its way up to its current trading price of around $8,216. BTC is reporting gains of 3.73% in the past 24 hours.

Bitcoin seven-day price chart. Source: Coin360

Bitcoin seven-day price chart. Source: Coin360

Two days ago, the 18th million BTC was mined, leaving the world with only three million coins to mine, which was enough reason for crypto-sceptic Peter Schiff to claim that Bitcoin’s future “looks horrible” and that it is just a matter of time before the most popular cryptocurrency will experience a “rapid descent down to $4,000 or lower!”

Ether (ETH), meanwhile, is currently…

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