Market Wrap: Bitcoin Near $9,600 as Gold Hits High, Uniswap Liquidity Over $100m – Yahoo FinanceJuly 24, 2020
As bitcoin closes in on $9,600, gold surpasses $1,900 and DeFi liquidity steadily grows.
- Bitcoin (BTC) trading around $9,592 as of 20:00 UTC (4 p.m. EDT). Slipping 0.03% over the previous 24 hours.
- Bitcoin’s 24-hour range: $9,475-$9,601
- BTC above 10-day and 50-day moving averages, a bullish signal for market technicians.
Gold is on the brink of an all-time high, up 0.80% Friday, at $1,901 per ounce. Sweden-based over-the-counter bitcoin trader Henrik Kugelberg sees gold nearing its all-time high as a positive for the world’s oldest cryptocurrency. “Bitcoin will pass $20,000 in a surge. I suspect a new normal discounted bitcoin price will be around $15,000 in 2021, like it has been around $9,000 in 2020.”