What USD 10,000? Bitcoin Almost Touched USD 11K, Ether Above USD 300 10
As it was estimated by many analysts recently, bitcoin price jumped above the psychologically important level of USD 10,000. Moreover, it almost reached USD 11,000 before correcting lower. Majority of altcoins are also in green but they are registering smaller gains.
At pixel time (04:29 UTC), bitcoin trades at around USD 10,650, or by 9% more than 24 hours ago. Earlier today, the price touched USD 10,890. It's also up by 23% in the past week and by 40% in the past month. Also, compared to June 22 of 2018, bitcoin is now up by 60%.
Last time bitcoin was above the USD 10,000 level is March 2018.
Also, bitcoin dominance, or the percentage of the total market capitalization, increased by more than 1 percentage point, to 59%. The total market capitalization is up by 7%, to USD 320 billion.
“The bounce back of bitcoin has been fairly extraordinary,” George McDonaugh, chief executive and co-founder of London-based blockchain and cryptocurrency investment firm KR1 Plc. told Bloomberg. According to him, “money didn’t leave the asset behind, it just sat on the sidelines waiting to get back in.”
Also, as reported, Tyler Winklevoss, CEO of exchange Gemini, said this week that if Bitcoin breaks USD 10,000, it’s going to break USD 15,000, as “he 2nd time breaking 10k will make it feel more “real” to many people.” Others are also waiting for the FOMO (fear of missing out) buying to kick in, while scammers are getting ready, also.
Meanwhile, among the top ten coins by market capitalization, ether is the second best performer after bitcoin. It jumped by 8.5% and surpassed the USD 300 level, where it was in August 2018. Ether is also up by almost 15% in the past week, 26% in the past month, but is down by 41% in the past 12 months. Other top coins are registering 2%-5% gains today. source of news : www.cryptonews.com