Bitcoin [BTC] has been going through a roller coaster of a price movement over the past few months, going on to almost breach the $14k mark, before dropping below $10k again. However, it would seem that the coin has regained its momentum after that massive correction, after it surged past the $13,000 mark this morning.
On July 10, the price of BTC breached $13k and at press time, was valued at $13,070.70 as it noted a surge of $4.26% over the past seven hours. The coin did undergo correction, but the surge outweighed it as it noted a 24-hour trading volume of $29.414 billion. Over the last seven days, it reported a growth of 14.95% and moved up the price ladder by 9.33% over the day. However, bears still loom and may drag the price of the crypto down, which is why Bitcoin would have to establish a stable ground above $13k to move upwards.
The highest trading volume for the coin, $1.059 billion, was recorded by Binance via the BTC/USDT trading pair. CoinBene and Bit-Z followed, noting a volume of $949 million and $903 million, respectively, with BTC/USDT pairs. As the price of the coin moves up, it directly challenges the price of Gold and proves to be the digital gold, like the community calls it.
Subscribe to AMBCrypto’s Newsletter