After days of complete lateralization, the recent (and discreet) increase was enough to encourage some investors.
According to information from the CryptoCompare, at 7:40 UTC on Tuesday (21), Bitcoin surpassed the $ 9350 level for the first time in 12 days. This can be seen below on the two-week chart on the BTC-USD pair:
Since then, the price of Bitcoin has fallen slightly but, at the time of writing this article, it has been trading between $ 9340 and $ 9360. This represents an increase of almost 2% in the last 24 hours:
$ 9350 achieved. Something from another world to celebrate?
While a 2% “hike” may not be something to pay that much attention to, it becomes easier to understand why some Bitcoin holders are celebrating when we take into account that, for the past 12 days, Bitcoin has been operating in the $ 9100– range $ 9300. In addition, many are hoping that this little movement could be a sign of things to come (as a rally above $ 10K, a level that hasn’t been seen for seven weeks already).
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Changpeng Zhao, CEO and co-founder of Binance, said in a interview for TV station Bloomberg that Bitcoin’s recent volatility has been so low that some members of the crypto community were calling Bitcoin stablecoin:
“I think it will explode sooner or later, but now, at this very moment, Bitcoin is very stable, so much so that they are already calling it a stablecoin.”
Some Ethereum fans found this rise in the price of BTC amusing:
– CryptoBeggar (@cryptobeggar_) July 21, 2020
Whole feed is talking about the 1.5% $ BTC pump.
HELLLLOOOOOO #Ethereum just pumped 2.1% can I get some NOISE from our altcoin boys ???
– The Crypto Dog📈 (@TheCryptoDog) July 21, 2020
The entire feed is talking about the 1.5% Bitcoin pump. Hello, Ethereum has just risen 2.1%! Where’s the noise from our alts fans ???
Whether it’s a joke or not, this movement will still yield some stories in the coming hours.