Bitcoin hits $25K as bearish voices call BTC price 'double top'
Ethereum sees a rise in value after hitting over $2,000 for the first time since May
By Shashank Bhardwaj
Bitcoin surpassed the $25,000 mark on the night of August 14 for the first time since June 13. Crypto assets have risen in value in the last month as stocks in the United States have risen. Bitcoin has gained 5.85 per cent only in the last week. During that time, Ethereum gained 16 per cent. The excitement surrounding the network's upcoming transition to a proof-of-stake model is fueling Ethereum's growth. The news comes after it was revealed that crypto derivatives trading on centralised exchanges increased by 13 per cent in July to $3.12 trillion.
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