Bitcoin finally breaks through $7,000 barrier


Early Tuesday morning August 28, bitcoin finally broke through the $7,000 level as it appears to be recovering even more lost ground. It had been stuck below $6,800 for almost three weeks now. Bitcoin (BTC) broke through the $7,000 level just after 10:00 UTC this morning finally breaking through the 20-day mostly sideways pattern. There were signs this could happen as bearish bitcoin bets hit a record low a sign that the mood was changing to a more bullish viewpoint.The bad news last week that the Security Exchange Commission (SEC) had rejected 9 applications for bitcoin exchange traded funds (ETF) had a minor and temporary effect taking the price down sharply but briefly. The bears were not able to continue a downward trend.

Read more...


Archive

Featured Posts
Recent Posts

Beginner's Bitcoin Buying Guide

Learn how to buy

bitcoin with this free step by step guide for  beginners.

Click here to read

© 2018 by TheCryptoCoinCenter.com  - email  us: TheCryptoCoinCenter@gmail.com

Terms of Use and Privacy Policy Disclaimer: Most of the articles, ratings, and reviews are posted because we are compensated in some way.

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square