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The price of bitcoin (BTC) reached $ 12,000 on some stock exchanges on July 8, after a further rise, with daily gains of 6%.
Market view courtesy of Coin360
The data showed that the BTC / USD had just reached its last significant psychological level at the time of the press, having started the day at under $ 11,500.
In the main stock markets, USD spreads meant that bitcoin still did not reach $ 12,000, with Bitfinex being the first to record price increases at $ 12,040.
Bitstamp, traditionally one of the most conservative price indicators, recorded $ 11,940.
Bitcoin price chart over 7 days. Source: Coin360
As Cointelegraph reported earlier on Monday, analysts were still unsure of Bitcoin's future, though agreeing that a downward movement was imminent.
Bitcoin has since surprised markets by going back, casting doubt on the importance of its weekly resistance below $ 11,500 in resistance.
Progress towards $ 12,000 was made following a lunar lunge at $ 500 completed within minutes. Since then, markets have remained at new levels.
Although the exact reason remains uncertain, investors have been relieved, despite the huge sums lost by traders who have bet on lowering the price of bitcoin. One-day activity on BitMEX derivatives cost traders $ 44 million, noted social media users.
USD 12,000 represents the bulk of the ground lost that Bitcoin recovered last week after reaching a record level of USD 13,800.
Attention remains focused on the largest cryptocurrency, with altcoins still posting mediocre performance for traders. Ethereum (ETH) posted a 6% return thanks to information on the upcoming launch of its own futures contracts, amounting to more than $ 300.
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