Price Jump: Bitcoin is Aiming for $7000

Sunday morning has become quite ambiguous for crypto traders. Bitcoin started from the position of $6505, which many considered a "critical" price indicator. Fears about the downward movement and the appearance of bearish sentiment themselves didn't justify themselves. After a few hours the price of the cryptocurrency significantly increased, and, depending on the exchange, reached $6,800 or slightly less. The time when bitcoin was trading in a similar position for a long time, around the 20th of last month.

In the meantime Ethereum also managed to boast a higher level of trading in the Asian cryptocurrency markets. The average price for the air was about $494. A good result was also shown by Ripple, which traded at a price of about $0.483 (at the time of writing).

Asian markets played a key role in shaping the trend of price movement over the past 24 hours. More than 40% of trading fell on such currency exchange as Coinbene, Bitbank, OKEx and others. And importantly, the courses retain their tendency to grow for several hours. Should we expect further jumps, or is it just a temporary phenomenon? Some analysts, such as Joe Fourby, believe that this phenomenon was still not convincing enough.

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