The world’s flagship digital currency, Bitcoin, surpassed the $42,000 level on Friday evening, printing five consecutive green candles on the BTC/USDT chart on the Kraken exchange and rising almost eight percent.
That’s a 22-percent surge in the past week, according to CoinMarketCap. Last time the market saw Bitcoin at this level was May 18 and earlier than that – on February 8.
By now, Bitcoin has declined a little, dropping to $41,440 and losing 2.15 percent.
Bitcoin keeps rising after the rumours of Amazon readying to start accepting BTC, ETH, ADA and BCH later this year and despite the official rejection of these rumours by the e-commerce giant later on.
Yuri MolchanWhile the king crypto traded below the $40,000 level, cryptocurrency whales kept accumulating it, according to the data provided by analytics vendors Glassnode and IntoTheBlock.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Godfrey Benjamin
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov