Cryptocurrency
Bitcoin Hits Highest Price Point in Over a Year, Pushing Toward $9,000
As reported by Cointelegraph, “Monday, May 27 — following a mild correction yesterday, the crypto markets have seen strong positive momentum today, with bitcoin (BTC) soaring to its highest price point in over a year. Virtually all of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows. “Bitcoin has reported over 9% in growth on […]
As reported by Cointelegraph, “Monday, May 27 — following a mild correction yesterday, the crypto markets have seen strong positive momentum today, with bitcoin (BTC) soaring to its highest price point in over a year. Virtually all of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows.
“Bitcoin has reported over 9% in growth on the day and is trading at $8,727 by press time. Having briefly dipped below $8,000 yesterday, May 26, the top coin saw a sharp rally kick in towards the evening. Bitcoin has seen considerable volatility this week, posting an intra-week low of around $7,550 on May 23 before surging to today’s new price peak.
“Bitcoin last traded in the $8,700-800 range over a year ago, in the second week of May 2018.
“On the week, Bitcoin has sealed a bullish 10.5% gain.”
Continue to read the full story at Cointelegraph.com.
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