Bitcoin Marks Biggest Daily Gain in 7 Weeks, And It Could End the Bear Market
A sudden bounce back led bitcoin to register its biggest daily gain in seven weeks.
Earlier this week, the cryptocurrency had fallen by up to 9.91 percent on Coinbase exchange.
The latest push upwards flashes an interim bullish setup.Bitcoin on Wednesday surged by more than 10 percent to register its biggest daily gain since October 25.
The leading cryptocurrency established an intraday high of $7,448.24 as of 2200 UTC. Notably, the move uphill came shortly after bitcoin had plunged to its
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