Upon establishing a new all-time high, the bitcoin price suffered a minor correction, dropping from $4.419 to $4,236. Still, on a 24-hour basis, bitcoin has recorded a 2 percent daily increase.
Many analysts including Standpoint stock researcher Ronnie Moas, who successfully predicted the recent surge of the bitcoin price to $4,000, noted that bitcoin has the potential to surpass the $7,500 mark before the year ends.
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