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Bitcoin Rebounds But Not Out of the Woods Yet
Bitcoin price continued rising, reaching its highest level since June 2nd, as investors piled into risky assets following the US-Iran memorandum of understanding (MoU). The BTC/USD pair jumped to 66,600, up substantially from the year-to-date low of 59,000. Bitcoin Price Jumps as Risk-On Sentiment Prevails The BTC/USD pair held steady on Tuesday, continuing the slow recovery that started on June 5 when it bottomed at 59,000. This rebound continued after Michael Saylor’s Strategy continued its Bitcoin accumulation. It bought over 1,000 coins last week, bringing its holdings to 846,842. Strategy’s actions are ... (full story)