Bitcoin’s price has risen by over 8% in the last seven days, going beyond $31,000 over the weekend. On Tuesday, it was trading near $32,000, a considerable gain from earlier month’s six-month low. It’s worth noting that this is the first time bitcoin has surpassed $31,000 since early May. Over the previous two weeks, its price has been hovering around or below $30,000. The stock and crypto markets were fighting to recover from numerous weeks of losses when this happened. Bitcoin has previously registered its ninth consecutive bearish weekly candlestick from the week of March 28th to April 5th. As
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