Bitcoin Starts August with a Bang as Its Price Surges Past $10,400

The bulls might be finally out of the woods as Bitcoin is vying to hit $10,500

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After its disastrous performance in July, Bitcoin started August on a high note by surging to the $10,400 level. At the time of writing, BTC is trading at $10,453 with a five percent daily increase, according to CoinMarketCap data.     

Trading expert Josh Rager now claims that August could turn out to be a good month for Bitcoin. 

Meanwhile, cryptocurrency research boutique Delphi Digital recently released a new report, which explains that monetary easing around the globe will push the Bitcoin price to new highs this year.

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Alex Dovbnya

Alex covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.