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Bitcoin Retakes $49,000 After Hitting 3-Month High Day Earlier

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Sat, 08/21/2021 - 11:04
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Yuri Molchan
The world’s leading cryptocurrency has just recaptured the $49,000 level and it keeps rising
Bitcoin Retakes $49,000 After Hitting 3-Month High Day Earlier
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The world’s flagship cryptocurrency, Bitcoin has broken above the $49,000 price line and at the moment is trading at the $49,170 level on the US-based Kraken exchange.

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Image via TradingView

On Friday, BTC managed to recover to the three-month high in the $48,600 area after the director of global macro at Fidelity, Jurrien Timmer, posted a tweet about Bitcoin, saying that he is impressed how resilient the biggest crypto is during the 55-percent correction.

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Vocal Bitcoin hater Peter Schiff stated recently that those are not selling Bitcoin now are “real idiots”. Earlier this week, he admitted that he regrets not buying Bitcoin in its early days when he learnt about BTC about ten years ago.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.