Bitcoin Is “Still in the Middle of a Pretty Significant Bull Run,” with Institutions and the Pandemic Acting as Backstops – Investing.com India
- Date: 27-Aug-2021
- Source: Investing.com
- Sector:Technology
- Country:Middle East
Bitcoin Is “Still in the Middle of a Pretty Significant Bull Run,” with Institutions and the Pandemic Acting as Backstops – Investing.com India
On Monday, Bitcoin burst above the psychologically important $50,000 level but now, moving into the weekend, we are back under it and now trading in the $42k to $50k range.
Basically, after rebounding from $30k lows, Bitcoin price is back to the crab market.
Still, the leading cryptocurrency is trading 61.1% above July’s low, around $47,500, as of writing, and recording 60.63% gains YTD.