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BTC Rises Above $ 9500 And Continues To Grown

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BTC

The price of the first cryptocurrency BTC today, May 14, overcame the psychologically important mark of $ 9,500 and protected it from bears. 

At the time of writing, Bitcoin holds the level of $ 9,600 on the BitXmi crypto exchange. But during trading it approached $ 10,000.

BITXMI exchange BTC rate

On the eve of the halving, cryptocurrency quotes on Sunday, May 10, suddenly fell below $ 9,000. This is the sixth-largest drop in Bitcoin over the weekend since 2017.

The psychologically important level the price of BTC returned on May 13.

Today’s rise in bitcoin quotes pulled the entire market. But over the past 24 hours, the leading altcoins are inferior in performance to the main cryptocurrency.

According to analysts, the danger of falling BTC to the levels of $ 5800-6200 remains. For strong growth, cryptocurrency should break through $ 10,550. 

Bitxmi analysts believe that the key support level for BTC to grow to $ 10,000 is $ 9,200. Its leading cryptocurrency confidently restrained.

Recall that the bitcoin hashrate has dropped to 96.9 EH/s. During the day, the drop was 13% per day. Immediately after halving, the indicator fell by 16%. Read more about hashrate here.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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