During Saturday trading, Bitcoin climbed more than 10 percent, touching 27,472 dollars on the trading platform data at 01:34 Moscow time. The move reflected renewed buying interest and a moment of optimism in the waking market hours that followed a period of tighter volatility.
By 01:47 Moscow time, Bitcoin edged higher still, rising about 11.3 percent to approximately 27.81 thousand dollars. The intraday momentum suggested a shift in sentiment among traders, even as broader market dynamics remained cautious.
Looking back to November 2022, Bitcoin’s price dipped below 16 thousand dollars for the first time since late 2020, underscoring the asset’s history of dramatic swings and the persistence of bear pressures in certain market cycles.
Earlier in July, a senior analyst offered a measured view on the sector. He noted that despite recent gains, Bitcoin remained roughly 66 percent below its peak, even as quotes rose about 24 percent in a relative uptrend. He cautioned that the global downtrend in risk markets could reassert itself, urging market participants to temper expectations and manage risk accordingly. At that moment, Bitcoin traded near 24 thousand dollars, highlighting the mixture of momentum and caution characteristic of the asset class.
Attention then turned to observers outside the traditional markets, where a statement from a former government official signaled a broader interest in digital assets. A former Prime Minister of the Central African Republic indicated strong interest from Russian investors in projects aligned with Bitcoin and related blockchain ventures. He described Bitcoin as a potential avenue for investment and noted that Russian participants looking to diversify could consider opportunities in the cryptocurrency space.
The official also clarified that the Central African Republic would continue using its local franc for everyday transactions while simultaneously supporting the development of cryptocurrencies and related technologies. The commentary highlighted a broader conversation about how emerging economies balance fiat currencies with digital assets in a mixed financial system, reflecting ongoing experimentation and policy discussion around crypto adoption in different regions.