Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- Bitcoin achieved a 13-month peak on Thursday.
- BTC experienced a 2.39% rise in value over the last 24 hours.
Bitcoin, the foremost cryptocurrency, reached a trading price of $31,500 on July 6th, marking a 13-month peak and reflecting a swift 2 percent rise within just one hour. Examining the trading activity in the cryptocurrency market, Bitcoin’s RSI (Relative Strength Index) is presently above 64.26, indicating that BTC is nearing an overbought condition.
BTC price chart (source:TradingView)
Related Posts
As of this writing, Bitcoin’s current trading price is $31,181.18, showing a 2.39% increase in value over the past 24 hours. The trading volume during this timeframe totals $15,876,720,913. In April of this year, Bitcoin (BTC) finally broke through the $30k threshold, providing significant relief to investors who had been eagerly awaiting this achievement since June 2022.
Beginning the year at a modest $16,000, the most popular cryptocurrency in the world saw a rapid increase in value, ultimately reaching the highly sought-after $30k mark, much to the satisfaction of investors. After a week characterized by bearish sentiment, the market underwent a notable reversal, driven by the SEC’s heightened scrutiny of certain CEXes and the classification of various cryptocurrencies as commodities.
The market responded vigorously to the announcement of Blackrock, the largest asset manager globally, submitting an application for a Bitcoin Spot ETF, as investors believe their significant influence enhances the chances of success despite earlier rejections encountered by other applicants.
Highlighted Crypto News Today
Bitcoin (BTC) Price Prediction 2023
