Bitcoin back above $40,000
Bitcoin broke through the $40,000 resistance level.
The chart below shows rising trading volumes amid a strong upward price move.
As of writing, digital gold was trading around $40,500 in the USDT pair on Binance. Bitcoin’s rise over the past 24 hours exceeded 12%, according to CoinGecko.
The price reached a local high of $41,064 on Binance.
The rest of the market also revived. Below is the top twenty by market capitalization.
Total market capitalization reached $1,7 трлн. Bitcoin’s dominance index stood at 44%.
Today, June 14, it was announced that Tudor Investment founder Paul Tudor Jones would allocate a 5% of his portfolio to digital gold as an inflation hedge.
Earlier in the week, fell below $33,000 after a prolonged flat trading range.
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