Bitcoin Rises 5% Amidst Technical Rebound Signal

Bitcoin

Bitcoin (BTC) may have been on a superb run for much of 2019, but in July, the cryptocurrency has run into trouble as a range of factors contributes towards wild price fluctuations. The launch of Facebook’s Libra and the skepticism expressed about it by such powerful figures like the head of the Federal Reserve, Jerome Powell, as well as the United States President Donald Trump, proved to be a huge drag on Bitcoin.

Mixed Sentiments

Trump expressed his misgivings about Bitcoin specifically in his tweets. These developments had a significant effect on dragging the price of …

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