It’s been a bullish few days for the crypto market cap as bitcoin price broke above $7,500 to hit a fresh 7-day high.
It has been a week of extreme volatility for the world’s most prominent cryptocurrency. Bitcoin prices declined to $5,500 during the weekend after the cancellation of the Segwit2x fork that led to investors partaking in a massive sell-off that coincided with tremendous gains for Bitcoin Cash (BCH). Come Monday, bitcoin price was trading back above $6,500 following an inverse Bitcoin Cash sell-off that saw the alternative cryptocurrency drop by 22$ in a single day. Bitcoin price soared above $7,000 on Wednesday, leading the charge for a bullish crypto-market that hit a record all-time high above $217 billion.
That continued momentum has stuck, as bitcoin prices climbed back above $7,500 during Thursday’s trading, reaching a new 7-day high of $7,558 (Bitfinex). At the time of publishing, bitcoin price is trading to the dollar at $7,450.
Altogether, bitcoin price has gained nearly 13% since the turn of Wednesday’s trading and is up 39% from its lowest point on Sunday.
Stay tuned for a price analysis, up next.
Last modified: May 20, 2020 9:48 PM UTC