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Bitcoin broke through $7,500


Bitcoin’s offer on May 12 broke through $7,500, a new high in nine months, and the volume of virtual currency transactions has rarely increased.

CoinMarketCap quoted that Bitcoin fell 1.59% to $7,109.03 in Asian trading on Monday, but rose 4.15% to $7,503.87 on the 12th, which was the highest since August 3, 2018. Bitcoin has been over 90% since the beginning of the year, and has risen more than 20% in the past week.

Arthur Hayes, co-founder and CEO of BitMEX, a large-scale virtual currency trading platform, said on Twitter on the 12th that BitMEX’s single-day transaction amounted to $10 billion on Sunday, reaching a record high of $10.03 billion.

Bitcoinist, NewsBTC and other websites reported on the 12th that the virtual currency market weekend trading is generally quite light, and the 12-day trading suddenly became so hot that many people were surprised.

However, although bitcoin quotes have risen 53% in the past 30 days, the keyword search fever on Google has not increased, indicating that the mainstream market has not noticed the price fluctuations of this asset.

Pooja Kaintura
Pooja Kaintura is Managing Editor at TechGrits. Unconditional fan of technology and culture wants to share the knowledge acquired with everyone.

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