by Joon Ian Wong, Coin Desk:
The bitcoin price had an action-packed end to the week, rising in three consecutive sessions to a high of $267.35 yesterday. The price began its run-up four days earlier at a low of $217.62. Gains were modest for the day’s trading, closing just over $2 from the opening price.
But the next two days would see significant gains. The price rose to a high of $240 on Friday before rising a further $20 to hit the following day’s peak. A further $7 would be gained before momentum slowed on Sunday, with trading ending in negative category. The price closed at $234.33, representing a 5% gain over Monday’s open.
From peak to trough, the bitcoin price gained nearly $50 in four days of trading. This represented a 23% gain from Thursday’s open, as the run-up began.
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