Bitcoin tops $80,000, up $23,000 since July 1 low
Bitcoin surpassed $80,000 as the crypto rally gained momentum. The Kobeissi Letter reports a $23,000 rise since the July 1 low, indicating a strong upswing within a short timeframe.
Key data
- Spot price: above $80,000
- Increase since July 1: +$23,000
- Implied July 1 low: about $57,000
- Approximate gain since July 1: about 40 percent
Context
- Report states broader crypto rally is gaining momentum
- Move size and speed indicate elevated volatility
Source
