Bitcoin crossed the 7,500 USD mark for the first time in a month

July 18, 2018 12:20 pmComments Off on Bitcoin crossed the 7,500 USD mark for the first time in a monthViews: 14

BitcoinThe recovery of the cryptocurrencies continue earlier on Wednesday and the Bitcoin crossed the 7,500 USD mark for the first time in a month.

The Bitcoin rose by 3.1% to 7,543 USD. The prices of other cryptocurrencies such as Ripple, Ether and Litecoin are rising. However, the Bitcoin remains at 60% below its highest levels reached in December.

The Bitcoin was traded over 7,500 for the last time on June 8 before it suffered large sell-offs, which resulted in the write-off of a market capitalization of 42 billion USD. According to some analysts, this retreat was due to the latest hacker attack in South Korea, while others cited as concerns the closure of trading platforms in China.

The cryptocurrencies have been subjected to a series of attacks in recent months for a number of issues, including theft, market manipulation and money laundering.

The cryptocurrency defenders this week were delighted with the news that the CFA Institute, which trains financial analysts at three levels, includes for the first time the digital money and the blockchain in the next year’s curriculum.

According to the technical analysis of the Directional Movement Index, the Bitcoin is in a positive trend for the first time since April. Last time the benchmark signaled such a move, the cryptocurrency rose by 20% over the next three weeks.

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