Home » Cryptocurrency News » Cryptocurrency News » Bitcoin Ends July at Highest Monthly Close Since 2017 Peak Bitcoin Ends July at Highest Monthly Close Since 2017 Peak July 31, 2020
Aug 1, 2020 at 00:01 UTC Updated Aug 1, 2020 at 00:03 UTC
Bitcoin monthly close prices since January 2017
Bitcoin closed the month of July at $11,351, its highest monthly close since the bellwether cryptocurrency’s all-time high nearly two-and-a-half years ago.Prior to this month, Bitcoin had closed below $11,000 every month since nearly reaching $20,000 in December 2017.Bitcoin futures on CME closed July at $11,620.Bitcoin gained 24% in July, according to Messari, a relief to bullish traders after a 3% loss in June.Bitcoin’s investor base is “highly favorable” for a continued move up, said Yan Liberman, former associate at Deutsche Bank and co-founder of Delphi Digital.“The supply on exchanges is close to 12-month lows,” said Liberman, who said this signals a strong commitment to hold bitcoins for the long term.
The percent of bitcoin’s supply that has not moved in the past year is at all-time highs, he added.Bitcoin monthly close prices since January 2017 Source: Messari, CoinDesk Research
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