Bitcoin has once again come into contact with a greater crypto market sell-off, slashing its price by more than $1000.
Bitcoin’s price rose above $7,500 on most exchanges for the first time today in over 9 months marking a resurgence of the crypto bull market.
The price of bitcoin (BTC) rose above $6,000 today with a market cap above $100 billion for the first time in nearly six months.
The crypto markets endured a loss of as much as $10 billion around 21:00 UTC on Thursday, following the NYAG's allegations on Bitfinex and Tether.
Bitcoin’s price extended its recent gains today, spiking above $5,500 for the first time in over five months.
Bitcoin dropped to around $4,900 earlier today, but has since fought back to above the $5K psychological support line.
Bitcoin is trending inside an ascending triangle pattern on the hourly chart that brings potential for a move to over $5,880, analysis suggests.
Several bitcoin price indicators have turned positive on the charts, strongly suggesting bullish momentum is growing.
Bitcoin’s breakout from $5,050 resistance has defied overbought indicators and set a new target of $5,550 for the bulls.
The combined value of the cryptocurrency market rose to $185.89 billion earlier today, its highest level since Nov. 18.