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Bitcoin Rises Back To $8,000+

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Bitcon, which fell down sharply from record heights last week, almost regained the lost ground by gaining nearly $1000 in the last seven days.

From lower levels, the most popular cryptocurrency rose across the $8000 mark Friday, and is trading at $8119 on Coindesk at the time of writing this.

Bitcoin gained more than 4 percent, or $342, within the last 24 hours.

It looks even better on weekly chart, gaining 10.65 percent, or $793.

When compared to its price a month ago, Bitcoin is trading 48.18 percent higher, i.e., by $2,620.

Bitcoin, which is on a strong recovery path from its 2018 lows, suffered an unexpected sharp fall last Friday, when it went as low as $7014, triggering a crypto market sell-off.

The climb back to $8000+ can be a catalyst for investors to buy more, as long-term technical indicators are signaling a move upwards in favor of the bulls.

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