{"id":8384,"date":"2018-08-30T00:00:00","date_gmt":"2018-08-30T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/08\/30\/price-of-bitcoin-7000\/"},"modified":"2018-08-30T00:00:00","modified_gmt":"2018-08-30T00:00:00","slug":"price-of-bitcoin-7000","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/price-of-bitcoin-7000\/","title":{"rendered":"Optimism in the crypto market, the price of Bitcoin reaches $ 7000"},"content":{"rendered":"

Bitcoin is now trading at $ 7,005<\/strong> crossing the key points of resistance that stood in its way. The currency has also maintained a reasonable 24-hour volume above 4 billion dollars.<\/p>\n

Most altcoins, however, have not performed as well, except some as IOTA, EOS, Dash and Golem that have not had problems. EOS<\/strong> has especially had a surprising development, adding 15%, which makes it the third best performing currency.<\/p>\n

IOTA<\/strong>, yesterday, won more than 20% encouraged by its recent partnership with Fujitsu<\/a><\/strong>, the IT company based in Tokyo, which intends to use the IOTA Tangle technology for audits in manufacturing processes. He also recently announced the launch of his Trinity wallet.<\/p>\n

There were concerns that in most of the rebounds in the most recent past they would not have been accompanied by a substantial volume of operations by the major cryptocurrencies. It should be noted that Bitcoin<\/strong> reached a trading volume of 4.5 billion dollars on August 29, while the volume of Ethereum<\/strong> was more than 1.5 billion dollars in its recent rise. The new increase in prices led the market capitalization of cryptocurrencies to 232 billion dollars.<\/p>\n

It is expected that Bitcoin can reach key resistances located at $ 7,500 or even $ 8,000 this week if the market volume of cryptocurrencies continues to rise.<\/p>\n

In addition to IOTA, the recovery has been driven by other positive developments in South Korea and Japan. Upbit<\/strong> and Bithumb<\/strong> resumed operations after a break due to regulatory problems.<\/p>\n

\"Bitcoin<\/a><\/p>\n

Bithumb was able to regain its partnership with NH Bank<\/strong>, a major financial institution in South Korea. It was predicted that the opening of the exchange to new clients would contribute to the entry of new funds in the encrypted market.<\/p>\n

Bitcoin now has a monthly increase of 9.1%. A report from FXStreet said that the main digital currency received a boost after the announcement that Morgan Creek Digital<\/strong>, in partnership with Bitwise Asset Management<\/strong>, based in San Francisco, launched an index fund of digital assets, creating more ways for the money institutional flow to the market of digital currencies.<\/p>\n

“We are fully prepared and we feel we have built something that institutional investors will find attractive regardless of how assets are classified, whether they are securities or not,” <\/em>said Anthony Pompliano, a partner at Morgan Creek Digital.<\/p>\n

There are indications that the tokens would have a good performance in the medium term against Bitcoin and the dollar, even with the current strength of the dollar and as Bitcoin moves towards the next resistance.<\/p>\n

There are opinions that point out that if Bitcoin manages to surpass the $ 7,200 in the next 24 hours it could suppose its impulse towards the $ 8,000 mark.<\/p>\n

The latest rally comes after the Bitcoin and Altcoins prices suffered a dent after the SEC announced the rejection of several ETF proposals and the announcement by the Chinese authorities, which were imposing more restrictive measures<\/a><\/strong> on trade of digital coins in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is now trading at $ 7,005 crossing the key points of resistance that stood in its way. The currency has also maintained a reasonable 24-hour volume above 4 billion dollars.<\/p>\n","protected":false},"author":4,"featured_media":8386,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,74],"tags":[4602,4675,4924],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/8384"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=8384"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/8384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/8386"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=8384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=8384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=8384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}