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    Home ยป Bitcoin price growth resumed – the rate has returned to $ 8,000

    Bitcoin price growth resumed – the rate has returned to $ 8,000

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    By BlockchainJournal on May 19, 2019 News
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    On Sunday morning, the rise in Bitcoin prices resumed and the cryptocurrency rate again reached $ 8,000. Recall that this week the BTC coin was already outside of $ 8,000, but a few days ago there was a 20 percent collapse, so today the rate moved up from about $ 7,200.

    Over the last month, the steady growth of BTC has been able to achieve not only the $ 6,200 mark, but also to continue moving up to $ 8,000, which has not been observed since July 2018. Already at the end of the week there was a collapse, many analysts believe that it was caused by the overheating of Bitcoin during the monthly rally, when the cryptocurrency increased in price from $ 5,000 to above $ 8,200. Some analysts calmly relate to such fluctuations, since in the past, during the rally, BTC also lost in the value of the order of 10% -20%, after which it reached new price heights.

    Note that a positive trend is observed not only in Bitcoin. Altcoins such as Ethereum, Bitcoin Cash, Ripple, Litecoin also show an average growth of 10% today. In addition, the crypto community pays attention to the indicators of Binance Coin (BNB), the native coin of the Binace crypto exchange. BNB price is close to $ 30. In general, we can say that since the advent of BNB, the rate has grown by more than $ 16,400. Until the beginning of 2019, the coin was trading around $ 7, after which the exchange rate grew by more than 380%, the BNB managed to reach $ 31.

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