Bitcoin (BTC) moved up to the $7,500 range, which arrived with predictions of another bullish rally. The relief rally came within a day where BTC threatened to go under $7,000 again, but quickly bounced.
BTC continued to hold on above that range on Thursday, rising to $7,538.44. Trading volumes expanded to above $23 billion’s equivalent in 24 hours, with USDT trading above $27 billion.
BTC now moves on a mix of spot market speculation with heightened USDT activity, and futures markets that continuously expand their volumes. The Bitcoin fear and greed index immediately bounced to above 32 points, still in fear territory, but not extreme fear that may boost selling.
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