Bitcoin Touched $25K for the First Time in 2-Months
Bitcoin hit $25K last night but has since retacted down to @ $24190 this morning. Some are satying this is the final week of the bear market – we shall see
Bitcoin Touched $25K for the First Time in 2-Months: Shiba Inu Soars 15% (Weekend Watch)
“Whether it’s indeed on hype regarding the upcoming Merge, as JPM claimed, the crypto market has been on an uptrend in the past week or so, evident from BTC’s price movements.
The most impressive surge came on August 10 when the asset jumped from $23,000 to over $24,000 following the latest CPI data from the US.
It kept going and marked a multi-month high above $24,800 later that day. A brief retracement followed that pushed it down to $23,500, but the bulls came back to play rather immediately.
As a result, BTC neared $25,000 yesterday once again. It failed there at first and dipped by a few hundred dollars but went on the offensive earlier today and spiked above that coveted line for the first time in over two months.
As of now, it has been unable to overcome that level decisively and BTC trades just under it. However, its market cap has surged past $470 billion, and its dominance over the alts has taken a breather and is at over 40.5%.”