Digital currency Bitcoin rose 3.46% from July 7 to July 14 at US$31,222 at 7:30 p.m.  Friday.  The world's largest cryptocurrency by market capitalization has been trading above the US$30,000 mark for the entire week.
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This week has been marked by many positive developments beginning with release of CPI report which indicating downwards trend in inflation. Additionally, favourable court decision regarding XRP which bodes well for crypto currency market. Both exciting news sparked bullish sentiments and market witnessed overall buying in all promising projects led by Bitcoin. The current price of Bitcoin at $31,319 and next significant resistance is expected around $31,800. Hopefully market will surpass this important resistance in coming weeks, and continue its upward journey.