Bitcoin (BTCUSD) Broke the Psych Resistance at $7000 Each

Bitcoin (BTCUSD) Broke the Psych Resistance at $7000 Each

Bitcoin (BTCUSD) Broke the Psych Resistance at $7000 Each

$BTCUSD

Bitcoin, the biggest digital coin rose  12% Tuesday.

Currently, Bitcoin is trading at 7,462.686523,+796.020020, or +11.940341%, as of 5:20a BST, the market is open.

Bitcoin last traded above $7,000 on June 8, before getting caught in a sector wide sell-off that wiped out about $42-B over the following weekend.

Some observers pinned that retreat on an exchange hack in SKorea, while others pointed to lingering concern over a clampdown on trading platforms in China.

Cryptocurrency venues have come under scrutiny around the world in recent months due a range of issues including thefts, market manipulation and money laundering.

Stay tuned…

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