Does business need competition?

12m
bitcoinwarrior

Sally Ho's Technical Analysis 22 September 2019

37m
cryptodaily

Bitcoin Sheds $10,000 Support Again Ahead of Bakkt Launch

2h
newsbtc

SEC Driving Cryptocurrency To China: Interview With DECENT

2h
bitcoinwarrior

Is Bitcoin the Answer to the Bond Bubble?

2h
beincrypto

Everipedia co-founder Sam Kazemian is building a better stablecoin with Frax [INTERVIEW]

4h
cryptoslate

Binance US unavailable in 13 major states including Washington

4h
bitcoinwarrior

Everipedia co-founder Sam Kazemian is building a better stablecoin with Decentral [INTERVIEW]

4h
cryptoslate

Armenian IT Company Accused of Illegal Electricity Use to Mine Crypto

5h
cointelegraph

Coinbase Considering Support for 17 Additional Digital Assets

5h
dcebrief

Venezuela’s Monthly Inflation Rate Spiked to 62.5% in August 2019

5h
nulltx

Swiss University Fights Fake Diplomas With Blockchain Technology

5h
cointelegraph

Ripple’s XRP Faces Steep But Healthy Consolidation

6h
zycrypto

Top 5 Ethereum Faucets to Start Earning Ether in 2019

6h
cryptoglobe

A New All-Time High For Bitcoin May Take Another 300 Days – Yoni Assia

7h
zycrypto

Blackstone CEO Hates Bitcoin but Loves Blockchain

7h
beincrypto

Two Firms to Build Blockchain-Based Solution for European Shipping

7h
cointelegraph

Crypto Tidbits: Bakkt Bitcoin Futures Inbound, NASA Hints at...

7h
newsbtc

History Suggests Bitcoin is Currently in Early Stages of Next Bull Run

8h
cryptonewmedia

10 Best Performing S&P 500 Stocks Since 2000. You’ll Never Guess…

8h
cryptonewmedia

Bitcoin Magazine Week in Review

8h
cryptonewmedia

Real-Time Strategy Game for Mining ‘Crypto Gold’ Launches on WAX

8h
cointelegraph

North Korea’s crypto countermeasures are an answer to Bitcoin

8h
cryptonewmedia

Colombia Seeks to Up the Ante on Crypto Legislation

8h
livebitcoinnews

Libra Claims it is Not an “Investment”; 2020 Launch Fixed Despite…

9h
cryptonewmedia


Bitcoin price (BTC/USD) rises to 8-day high above $8,100

The original cryptocurrency, Bitcoin (BTC), had a largely positive trading session yesterday, as it made a couple of big moves that lifted its price to an eight-day high. The digital currency’s first big price jump happened during the opening hours of the session, when the coin rose to around $8,050, from its opening level of $7,925.43. This uptick seemed to be just a temporary spike, however, as the coin swiftly pulled back to sub-$8,000 levels.

After spending several hours in the $7,950-$8,000 range, the cryptocurrency experienced another big surge during the early afternoon session, which allowed the coin to break above the $8,100 mark. BTC rose to as high as $8,196.65, which was its highest price level since June 4. This time the coin was able to defend most of its gains and finished the day at $8,145.86.

While BTC has experienced some negative price action today, especially in early trading when it fell to an intraday low of $8,087.38, its performance has, for the most part, been stable. At the time of writing, the Bitcoin price was hovering just above the $8,100 mark, according to data from digital currency tracker Coinmarketcap.

Yesterday’s rise was somewhat unexpected, as it came amid what appeared to be waning bull sentiment. Bitcoin had spent the previous seven days trading in the $7,500-$8,100 range, unable to secure a decisive breakout. It remains to be seen whether the most recent uptick could spark a meaningful rally above the $8,100 level.

In today’s trading, the Bitcoin price stood at $8,109.42, as of 11:04 BST. The digital currency has gained 1.6% in the past 24 hours. The coin’s total market capitalisaition currently stands at almost $144 billion, which represents 55.1% of the combined value of all digital currencies.

Featured image: chanchai howharn / Shutterstock.com

More Resources

The post Bitcoin price (BTC/USD) rises to 8-day high above $8,100 appeared first on The Independent Republic.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments