Bitcoin rate is over $11,600

On Monday, August 31st, the price of bitcoin rises.

At 09:35 UTC, the first cryptocurrency is trading at $11,681.93 (+ 0.62%), according to CoinMarketCap.

Earlier, bitcoin briefly exceeded $11,700.

BTC/USD chart of Bitstamp from TradingView Ethereum rose in price to $422.54 (+ 4.32%).

XRP rose 2.3% to $0.282.

The FxPro analyst team notes: “At the start of the new business week, bitcoin is showing a moderately positive momentum, continuing to recover from a trip to the bottom of $11,000. The coin changes hands at $ 11,700, while trading volume is also stable at around $19 billion. Bitcoin also showed zero price dynamics over the week, waiting for new triggers. Despite the anemic dynamics, the greed and fear index is in a “greedy” state, indicating the existence of a sell-off prospect”.


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