Bitcoin Price Rises Above $12K to Hit One-Month High

Bitcoin (BTC) is trading above $12,000 for the first time in four weeks and is reporting gains for the eighth consecutive day. The top cryptocurrency by market value rose above $12,000 at 06:45 UTC and soon hit a high of $12,298, the highest level since July 10, according to Bitstamp data. As of writing, BTC is changing hands at $12,185 on Bitstamp, representing 3.26 percent gains on the daily opening price of $11,800. The cryptocurrency has scored 2–7 percent gains in each of the preceding seven days. If BTC prints a UTC close above $11,800 today, then the resulting eight-day winning streak would be the longest since June.


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