Bitcoin (BTC) Up $243.17 in Last 4 Hours, Moves Up For the 3rd Day In A Row; in an Uptrend Over Past 14 Days

Bitcoin 4 Hour Price Update

Updated August 01, 2020 07:17 AM GMT (03:17 AM EST)

Bitcoin closed the last 4 hour candle up 2.14% ($243.17); this denotes the 3rd candle in a row an increase has occurred. Bitcoin outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!

Bitcoin Daily Price Recap

Bitcoin is up 2.15% ($239.06) since the previous day, marking the 3rd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 20.77% from the day prior, and up 88.23% from the same day the week before. On a relative basis, Bitcoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. Here is a daily price chart of Bitcoin.

BTC

Bitcoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Bitcoin’s price has gone up 18 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From theRealKiyosaki:

    GOLD about to pass $2000 all time high. BITCOIN pass $10,000. Why silver best. Silver supplies low. Silver used in tech, EVs medicine, water purification & money. Stock market about to crash. Silver at $25 below high of $45. Everyone can afford. Please do not miss opportunity.

  • From AnaCabrera:

    A teenager! A 17 year old from Florida has been arrested for his alleged involvement in a massive Twitter hack earlier this month that took over the accounts of prominent users like Joe Biden, Bill Gates and Elon Musk and used them to promote a bitcoin scam.

  • From yatesinvesting:

    Is it Monday yet? My three biggest holds over the weekend. $MARA, with bitcoin continuing to run, this will go!
    $SPAQ, big month ahead, shareholders meeting next week.
    $ATNM, webinar next week, but that’s not the news we’re waiting on. Will get a PR this month!

For a longer news piece related to BTC that’s been generating discussion, check out:

2 Teens, 22-Year-Old Charged in Twitter Hack, Bitcoin Theft | Hollywood Reporter

“Today’s charging announcement demonstrates that the elation of nefarious hacking into a secure environment for fun or profit will be short-lived.” Although the case against the teen was also investigated by the FBI and the U.S. Department of Justice, Hillsborough State Attorney Andrew Warren explained that his office is prosecuting Clark in Florida state court because Florida law allows minors to be charged as adults in financial fraud cases such as this when appropriate….After stealing employee credentials and getting into Twitter’s systems, the hackers were able to target other employees who had access to account support tools, the company said….Twitter said it would provide a more detailed report later “given the ongoing law enforcement investigation.” The company has previously said the incident was a “coordinated social engineering attack” that targeted some of its employees with access to internal systems and tools.