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Bitcoin Regains Lost Ground


It has been a progressive week for Bitcoin, which climbed back to the crucial $8000 mark to reach $8,417 on Friday.

The most popular cryptocurrency is faring far better than recent lows near $7,500 on June 9, and scaled back by nearly $900, or 9 percent over the week.

In the second half of the week Bitcoin was moving in a bullish pattern.

Despite a recovery in price, lower trade volumes - a sign of low investor confidence - are raising concerns that the gains could be short lived, and BTC could dive to bearish reversal pattern.

The softcoin improved by more than 3 percent, or $251, within the last 24 hours.

The latest surge brings BTC's weekly gains to nearly 4.55 percent, or $365. And it is 4.75 percent, or $378, higher from where it was valued 30 days ago.

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