Bitcoin Price Watch: Earlier this morning, Bitcoin price surprisingly soared by over $1,000, even surpassing the $8,000 mark at one point. This is the first time in two weeks that Bitcoin price reached $8,000.
As of 12 PM EDT, Bitcoin is trading at close to $7,600. Before today, Bitcoin price has been sitting below $7,000 for the entire week.
According to experts, today‚Äôs price movement was likely a result of traders who had previously bet against the cryptocurrency buying back into the market.
“The ratio of short margin trades versus longs has ...
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