Home Crypto Bitcoin Crypto: Bitcoin Rallies, Marking a Key ‘Correlation’

Crypto: Bitcoin Rallies, Marking a Key ‘Correlation’

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#crypto #bitcoin #rally

$BTCUSD

Bitcoin BTCUSD +0.97%  prices have consolidated above a Key mark as most cryptocurrencies rose Thursday, helped along by slow but steady gains in the stock market.

The price of Bitcoin rose 2% over the past 24 hrs to above $20,500, having reclaimed the $20,000 mark Wednesday after falling through it a wk ago. The largest digital asset is trading at less than 1-third its all-time high near $69,000, reached in November 2021, but is now well above its $18,000 bottom that was hit during the trough of a selloff in mid-June.

At the time of this writing Bitcoin is trading at $21,833.15.

A tip of the hat to sovereign individuals with satoshis and Bitcoin in cold storage with our firm. Click here

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Have a prosperous weekend, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.