BTC Price Surged Above $39.000 for the First Time in 6 Weeks

by in Cryptocurrency News

Bitcoin price above $39.000

Bitcoin price gained over a 10% increase in the last 24 hours, surpassing $39.280.

Related: Elon Musk, Jack Dorsey and Cathie Wood to Discuss BTC

This is the first time since June 16 that the coin went above $39.000.

In general, most cryptocurrencies are in green. The biggest altcoin, Ethereum, gained around 7% and trades at $2.332. Data from TradingView shows that there is a high activity in Bitcoin short sells, and investments strategy allowing to benefit from the price fall of assets.

A few days earlier, Bitcoin's price fell below $30.000, its lowest level in a month. However, it soon recovered after 'The B Word" conference, during which Twitter CEO Jack Dorsey, ARK Invest's CEO Cathie Wood, and Tesla's CEO Elon Musk met via a live chat and expressed their views about BTC.

It was then when Musk announced he owns Bitcoin and also some Ether and some Doge.

After June 20, Bitcoin's price was hesitating between $30.000 and $34.000, and today the coin broke above $39.000. The raise followed Amazon's announcement that it is in search of digital currency and blockchain product lead, which gave a reason to assume that the e-commerce giant is planning to allow crypto payments.