Bitcoin exceeds $7,000 after three weeks
After touching below $ 6,000 a few weeks ago, Bitcoin rose above the $ 7000 range for the first time since August 7. However, the BTC index is low, falling from the level of $ 8,000 at the end of July.
The latest BTC Recovery was linked to a series of intervention by the Tether Treasury portfolio, in which the USTT codes were sent to BitFinx, increasing the trade and prices. However, in a recent report by research firm Chanisis Research in Blockchain, it has been claimed that the USDT is not yet able to significantly influence the overall encryption market.
Therefore, the market sentiment saw an increase in growth, after which it was found that the recession market was longer than expected. Price recovery in July failed because some traders had hoped.