Traders are pleased after BTC prices surged 8% to 22,119.60, but analysts said the macro downtrend is expected to continue for the predictable future.
Bitcoin Rises 8%
Bitcoin is one of the most famous cryptocurrencies in the world. On 8 July 2022, it is up 24.5% from its yearly low of $17,592.78 on 18 June 2022.
Bitcoin investors have been facing big lose for a long time. The Bitcoin value has reduced up to the worst level.
Ethereum, a token connected to the Ethereum blockchain network, rose 7.4% on Friday to $1,264.33, up $27.02 from the previous close.
Bitcoin- digital currency
Bitcoin is a regionalized
that can be transmitted over peer-to-peer bitcoin networks.
Bitcoin trades are encrypted and validated by network nodes and verified in a circulated public ledger called the blockchain.
In 2008, a group of people invented the cryptocurrency by the name of Satoshi Nakamoto. In 2009, the coin was started to use.
The currency codes that represent Bitcoin are XBT and BTC. Its Unicode character is ₿. Bitcoin is dividable into 8 decimals points.
Bitcoin- Currency code