Bitcoin Price Trades Near $79,600 as Oil Rebounds and Bank of England Hikes Rates

Bitcoin price traded near $79,600 on Thursday morning, up about 2% from a day earlier but roughly $21,900 below its price one year ago, after slipping back under $80,000 as oil prices recovered and the Bank of England raised interest rates, according to Bitcoin Magazine Pro data. Bitcoin changed hands at $79,632 at 8:05 a.m. ET, with a market cap of about $1.60 trillion and roughly $35.2 billion in trading volume over the past day. The move gives back a slice of Wednesday’s rally.

Source: Bitcoin Magazine