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Home Market Analysis

Bitcoin’s Price Breaks Through $43K, The Highest Since May

10 August 2021
in Market Analysis, News
Reading Time: 1 min read
108 3

Last updated on September 2nd, 2021 at 11:08 pm

Following a stuck trading range since May 2021, Bitcoin’s price rallied above $43,000 Friday, August 6.

As of the time of filing, Bitcoin’s (BTC) price rallied to $43,231, the highest it has risen to since May 19.

Available data from TradingView and Coin360 shows a rally staged by the bulls pushed BTC’s price to an intraday trading high of $43,231.

BTC/USD 4-Hour trading chart; Source: Trading vie

 

 

 

 

 

 

 

 

 

 

 

Similarly, while the overall cryptocurrency market capitalization stood at $1.719 trillion, Bitcoin maintained a 46.2% dominance rate.

This latest price doesn’t come as a surprise to investors as multiple trading indicators showed bullish signals.

 

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Lucy Adegbe

Lucy Adegbe

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