Cryptocurrency
Bitcoin Prices Enjoy Breakout After Lackluster Week
As reported at Forbes, “Bitcoin experienced a modest breakout recently, climbing roughly 5% in under 24 hours after trading within a reasonably defined range since late June. “The digital currency’s price rose to as much as $9,356.33 this afternoon, CoinDesk figures show. “At this point, it was up 4.8% from yesterday’s intra-day low of $8,919.76, reached […]
As reported at Forbes, “Bitcoin experienced a modest breakout recently, climbing roughly 5% in under 24 hours after trading within a reasonably defined range since late June.
“The digital currency’s price rose to as much as $9,356.33 this afternoon, CoinDesk figures show.
“At this point, it was up 4.8% from yesterday’s intra-day low of $8,919.76, reached at approximately 5:30 p.m. EDT, additional CoinDesk data reveals…
“…This modest breakout was bound to happen, said John Todaro, director of digital currency research for TradeBlock.
“’Prior to today’s push higher, bitcoin volatility had declined to recent lows,’ he noted…”