⚡ Easily Trade – Apple, Microsoft, Tesla and Google Stocks – Open a FREE Account Here


Bitcoin Gains Big after Thursday Dip

Bitcoin (BTC) looks like it might be starting off a bull run as it has gained 2.57% over the last 24 hours and is still climbing.

The cryptocurrency token is at $63,043 (BTC/USD) for Friday morning, gearing up for a potentially great weekend of trading. The trade volume for Bitcoin is about flat with the previous day, but that is still $24 billion in trade every 24 hours, which means the coin is doing just fine.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>


Bitcoin may have received a small helping hand from presidential hopeful Donald Trump who talked up cryptocurrency this week and said he would be accepting campaign donations in crypto. Robert F. Kennedy, who is also running for President has made positive statements about crypto recently as well, accepting campaign donations in decentralized currency and talking about his future government plans for crypto.

Over the past week, Bitcoin took a dive, falling as low as $60,782 recently, but it has gained nearly 4% over the week. That is great progress for the coin that has had so much trouble lately to even retain any gains it makes.

Is Bitcoin Turning around?

The fear is that Bitcoin’s surge will be very short-lived. We have seen the coin struggle to keep its gains week after week, making small progress and then losing it as inflation fears keep the crypto industry down.

Bitcoin might start a bullish run here that could extend for several days, but the recent performance of this coin and the fact that inflation is still high with no sign of slowing down- all of that leads us to believe that Bitcoin may not stay high for long.

Those looking for a good time to invest in Bitcoin should probably hold off. It is likely that the coin will dip again in the near future, and that would be a better opportunity to buy up bitcoins.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
Related Articles