Bitcoin Price Update: Profit Taking Affects Current Market Movements

The Bitcoin price range has become significantly more subtle over the last several years as it has grown in popularity as a cryptocurrency. It is currently valued at $42,398.83 as of Sunday.

On Saturday, the BTC/USD exchange rate increased by 7.07%. Bitcoin ended the day at $42 414, up 3.54% from Wednesday’s low.

According to analysts, investors are in profit taking mode this week, rapidly eroding daily gains and capping the market at around the 45K level.

Bitcoin fell to an intraday low of $43,917.4 Saturday morning before recovering. Late in the day, a new high of $48,598 was set, surpassing the previous high of $43,284 set earlier in the day.

Featured image from TechCrunch, chart from Read More

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