On Sunday (August 8), the Bitcoin price broke above the $45,000 level for the first in nearly 12 weeks.
As you can see in the 3-month BTC-USD price chart below, on crypto exchange Coinbaase, the last time that the BTC price was above $45K was on May 18.
The Bitcoin price went over $45,000 around 06:25 UTC (on August 8). By 06:42 UTC, it had reached $45,304. Currently (as of 7:38 UTC on August 8), BTC-USD is trading around $45,086, up 4.22% in the past 24-hour period (and up nearly 30% in the past two weeks).
Yesterday, Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), called Bitcoin “electric money.”
#Bitcoin is Electric Money. pic.twitter.com/6mh6aHb4ez
— Michael Saylor?? (@michael_saylor) August 7, 2021
DISCLAIMER
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
IMAGE CREDIT
Image by “SnapLaunch” via Pixabay
