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Bitcoin Price Gaining 15% In a Few Days
This was a very turbulent week for bitcoin’s price, which didn’t seem like it was off to a good start a few days ago.
In fact, on Tuesday, the price plummeted down to around $29,200, causing nothing but fear and panic in the market. Fortunately, it didn’t take much for the price to reverse.
On Wednesday, the highly-anticipated B Word event took place, and it saw Elon Musk, Jack Dorsey, and Cathie Wood discuss bitcoin. All of them spoke fondly of the asset. Musk revealed that he owns BTC, ETH, and some DOGE, while also saying that Tesla would resume accepting it at some point.
This catalyzed a recovery rally, which is now taking the price of bitcoin towards $34K. At the time of this writing, BTC is trading at $33,700, up more than 15% from Tuesday’s lows.
News by partneronetrust.com
