Bitcoin Makes Gains, Nearly At $7,500
Main page News, Bitcoin

On Tuesday 17 of June, the rate of the first cryptocurrency finally overcame the psychologically important mark, jumping by $600 in just half an hour. Bitcoin (Bitcoin) has surpassed the $ 7,000 barrier for the first time in more than a month and is still climbing on Wednesday 18. At the time of writing, the main cryptocurrency is seeing an increase of more than 10.77% during the last 24 hours, and stand at $7,425 according to the data provided by Coinmarketcap.

Bitcoin Makes Gains, Nearly At $7,500

Brian Kelly, chief executive of the investment company BKCM, is convinced that the sudden rise in bitcoin is due to short positions, after exceeding the critical level of $6,800. “People were shorting against that and they just got their face ripped off," he said.

Following the positive trend set by the main cryptocurrency, almost all top-100 coins are currently trading in the green zone. Thus, all top-10 token by market capitalization, with the sole exception of Tether, are registering an increase of between 6% and 22%.

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