Bitcoin Price Holds Near 7-Week Highs of $7.8K as Futures Volume Rises

Bitcoin (BTC) was riding high on fresh gains on April 28 as little got in the way of bulls controlling the market. Cryptocurrency market daily overview. Source: Coin360 BTC price closes in on $8K barrier Data from Coin360 and Cointelegraph Markets reflected the buoyant mood among traders as BTC/USD lingered near seven-week highs of $7,800. Since gaining 10% in hours late last week, resistance has so far remained flipped as support — 24-hours lows at press time were a comparatively impressive $7,650. Bitcoin 1-day price chart. Source: Coin360 Bitcoin has…

Bitcoin Rally Pauses Near $7.8K After Longest Winning Run in 8 Months

Bitcoin’s bulls are taking a breather, having engineered the longest run of daily gains since last summer. At press time, the number one cryptocurrency by market capitalization is trading in a sideways manner around $7,730 on major exchanges, representing a 0.60 percent decline on the day, according to CoinDesk’s Bitcoin Price Index. The lackluster trading comes a day after prices hit a 6.5-week high of $7,800. Notably, the cryptocurrency has eked out modest gains in each of the last seven days. Bitcoin last rallied for seven straight days in July…