Bitcoin (BTC) suddenly moved closer to the $8,000 tier, with a fast uptick in prices between 11:10 and 11:30 UTC on Monday. The sudden price appreciation is not unusual for BTC, where concerted bidding has moved the price by hundreds of dollars in a short time span.
BTC traded at $7,922.05 as of 11:45 UTC, on volumes above $17 billion’s equivalent in 24 hours. Once again, more than 71% of all volumes are in the market with Tether (USDT), meaning that liquidity is readily available.
BTC reached daily lows in the $7,600 range, sparking fears for a deeper reversal of the trend that took the leading coin ...