Crypto Markets Are Turning Green, Bitcoin Recovers Above $8,200

Bitcoin has been trading below the $8,000 price mark for the better part of the day but is showing signs of recovery in recent hours. The world’s largest cryptocurrency traded at an intraday low of around $7,950, before grinding its way up to its current trading price of around $8,216. BTC is reporting gains of 3.73% in the past 24 hours.

Two days ago, the 18th million BTC was mined, leaving the world with only three million coins to mine, which was enough reason for crypto-sceptic Peter Schiff to claim that Bitcoin’s future “looks horrible” and that it is just a matter of time before the most popular cryptocurrency will experience a “rapid descent down to $4,000 or lower!”

Ether (ETH), meanwhile, is currently sitting at $174.80 per coin. The number one altcoin saw a small upward tick in sync with BTC and is showing a gain of 2.26% at press time. Read More...


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