Bitcoin is now officially above $7,000.
It was just 5 days ago that Bitcoin was a bit shy of $6,000.
In less than 2 months, the price has doubled.
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Bitcoin was sold off over the weekend and dropped low $6,000. After the cryptocurrency hit the low of $5,511 on Sunday, it has risen more than $1,000 to $6,554 since then. The sell-off on the weekend appeared to be related to the cancellation of the planned upgrade to the bitcoin…
Bitcoin is decidedly lower today and is currently changing hands below $14,000. During the past 5 sessions, Bitcoin has never closed below $14,000 even though it did hit the intraday low of $10,400. From the technical analysis perspective, closing below $14,000 today does not look good for the Bitcoin bulls. …
Bitcoin is still holding above $8,000 after falling below $6000 2 days ago. The latest from India was any gain from the Bitcoin trading would be taxable. That’s actually not bad news. On Tuesday, the Senate Banking Committee hearing called for greater consumer protection for the cryptocurrency trading.