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‘Insane’ Bitcoin Momentum Goes Overdrive as ‘Real Volume’ Hits $1.5 Billion

Bitcoin price has increased by 16 percent in the past week against the U.S. dollar following its initial breakout of the $10,000 mark on June 21.


The bitcoin price is up 16 percent in the past week against the U.S. dollar following a 3-fold increase from $3,150 to $10,000 (source: coinmarketcap .com)


Luke Martin, a crypto trader, has said that the momentum of the dominant crypto asset is “insane,” indicating that minor corrections are being absorbed by the market at a fast pace and that the short term trend of the asset remains strong.

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