After spending the weekend in a range between the $8100 and $8300 handles, Bitcoin extended its corrective slide to a three day low at $7860 on Monday before staging a strong recovery in the last few hours. As of writing, Bitcoin was trading at $8100, still losing 1.5% on the day. Although there were no clear catalysts behind that recent upsurge, it seems like the fall below $8000 allowed buyers to add to their long positions. In fact, the latest available data on coinmarketcap.com reveals that the total market capitalization of Bitcoin increased to $138 billion from $136 billion in the last couple of hours. In case the bullish momentum persists, the pair could test the critical $8500 area, where the two-week-long rally encountered a resistance last week. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next BoJ: market sentiment & positioning at odds with each other – Scotiabank FX Street 5 years After spending the weekend in a range between the $8100 and $8300 handles, Bitcoin extended its corrective slide to a three day low at $7860 on Monday before staging a strong recovery in the last few hours. As of writing, Bitcoin was trading at $8100, still losing 1.5% on the day. Although there were no clear catalysts behind that recent upsurge, it seems like the fall below $8000 allowed buyers to add to their long positions. In fact, the latest available data on coinmarketcap.com reveals that the total market capitalization of Bitcoin increased to $138 billion from $136 billion in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
