The weekend peak was bitcoin's highest level since its most recent selloff began in mid-May

The price of bitcoin met resistance as it closed in on its 200-day moving average Sunday. Meanwhile, ether is maintaining a post-hard fork rally.

Bitcoin rallied as high as $44,575 early on 8 August — almost hitting its 200-day moving average of $44,600 — before slipping. The world's largest cryptocurrency by market cap was last trading at about $43,700 on 8 August, Sunday night, according to CoinDesk data. It traded at $43,829 on Monday, 9 August.

Bitcoin hit $44,575 on 200-day moving average

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