Home Business Bitcoin price rebounded slightly in the first week of July

Bitcoin price rebounded slightly in the first week of July

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Bitcoin price rebounded slightly in the first week of July
Bitcoin price rebounded slightly in the first week of July (Pixabay)

As the Bitcoin price rebounded slightly in the first week of July, some optimism that it has passed the bottom is also being cautiously detected.

On the 9th, CNBC, an American economic media, reported on the 8th (local time) that the bitcoin price rose 13.63% from the 3rd to this day, citing the virtual currency information site Inmetrics. In fact, Bitcoin even climbed as high as $22,470 on the same day.

The one-week price trend is the biggest increase since October last year. Last month, the price of Bitcoin fell to around $17,000.

“The bankruptcy of cryptocurrency companies is now over,” said Felix Hartman, managing partner at Hartman Capital, a digital asset investment firm.

Meanwhile, according to a survey by American polling company Morning Consult, a majority of U.S. cryptocurrency holders are optimistic that Bitcoin will recover to $38,000 within six months.

Cointelegraph, a media specializing in cryptocurrency, cited a survey by Morning Consult on the 7th (local time), saying, “It is highly likely that US cryptocurrency holders are young and wealthy men. We see it as a tool, and we are optimistic about the future price recovery.”

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I am a contributor to Advancetec.co.uk. I am fascinated by technology overall, especially crypto and it's potential to disrupt the global financial system. But until that future comes, I am perfectly content immersing myself in gaming, movies, gadgets, and all of the other wonders of the modern world.