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Crypto & Bitcoin

Bitcoin Price Today: BTC Rebounds Above $83,300, Bottom Signals Remain Mixed

Reported by Simona Ram, DailyCoin

Image: DailyCoin

Bitcoin's rebound continued on Monday as the broader crypto market capitalization edged up 1% over 24 hours. The Bitcoin price (USD) today is above $83,300, following a 0.6% gain over the past 24 hours and a recovery from the $80,300–$80,400 range. The rebound comes as South Korea's Jeonbuk Bank, part of JB Financial Group, has launched the country's first Bitcoin-backed loan service, while on-chain indicators point to a possible October bottom. However, continued weakness in U.S. Bitcoin buying demand suggests that a sustained recovery remains unconfirmed. Bitcoin Price Today: BTC Rebounds Above $83,300.

This is an excerpt. The reporting belongs to DailyCoin.

Read the full report on dailycoin.com
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