Bitcoin (BTC) Price Hits $7,400 After $700 Vertical Increase in 2 Hours

Bitcoin (BTC) Price Jumps $700 in Less than 2 Hours

The famous virtual currency Bitcoin (BTC) has surprised crypto enthusiasts when its price spiked from $6,700 to $7,400 dollars in a matter of minutes. Bitcoin reached its highest point in more than a month (since the beginning of June), after gaining $700 dollars.

Traders seemed to find a resistance level around $6,700 dollars, where it was during the beginning of the day, but in 40 minutes it moved from $6,700 to $7,400, registering an important positive volume not seen since April.

At the moment, Bitcoin stabilized at $7,350 dollars. Indeed, all the crypto market (top 100 coins) are registering gains that reach 22% in the case of Loom Network (LOOM). Tezos is the slowest growing crypto, registering a 1.87% increase.

Bitcoin has a market capitalization of $125 billion dollars and registered an increase of 10% compared to 24 hours ago. In the last hour it has barely moved from where it is now. In the future, it can keep growing and try to cross key resistance levels.