At press time, the father of crypto is back up to $ 7,500. This is a hugely positive sign that bitcoin is regaining traction in the monetary market and moving up the financial ladder.
24 hours ago, bitcoin had slumped slightly to $ 7,400. While $ 100 is never a huge deal, it made many wonder if the sudden jump beyond the $ 7,000 mark – a position that many analysts had been waiting for – was a fluke, and bitcoin was still being subjected to sell-offs and bear activity. It appears this isn’t the case, as not only has bitcoin reached its previous mark, but most technical experts are of the sentiment that bitcoin will remain bullish for some time.