BTC JUMPS ABOVE USD12000


The most popular cryptocurrency, bitcoin continues its rally and just added another USD 1,000 in a day, surpassing the USD 12,000 mark.

Moreover, bitcoin dominance, or the percentage of the total market capitalization, reached 61%, the level last seen in December 2017, when the coin touched USD 20,000.

At pixel time (04:37 UTC), bitcoin trades at c. USD 12,228 and is up by more than 9% in the past 24 hours, 33% in the past week and more than 96% in the past 12 months. Last time it was at the level is January 2018.

Major cryptocurrency exchange Binance said in a recent research that bitcoin is expected to continue dominating the market over the course of 2019, with over 50% of Binance VIP & Institutional clients indicating that they predict bitcoin dominance will remain in the 40%-60% range by the end of 2019.

Money flow into bitcoin in the past 24 hours (in USD):
Tether: 4.07 billion
USD: 1.11 billion
Euro: 285.8 million
JPY: 258.34 million
CNY: 229.46 million
KRW: 82 million
GBP: 73 million
Source: Coinlib, (06:28 UTC)

"This may be the most unpredictable market I've ever seen in Bitcoin. Don't lose bitcoins on greed. I genuinely have no idea what's about to happen," Francis Pouliot, CEO and co-founder of the Canadian exchange BullBitcoin, tweeted.

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Meanwhile, ethereum is the second best performer among the top 10 coins by market capitalization. It advanced by more than 6% and trades at c. USD 332.

Other coins from the top 10 are registering up to 2% gains today.

Crypto flow from bitcoin into other coins in the past 24 hours (in USD):

Ethereum: 1.63 billion
Litecoin: 959 million
XRP: 504 million
EOS: 455 million
Bitcoin Cash: 391 million
NEO: 158 million
Zcash: 146 million
Source: Coinlib, (06:28 UTC)


The total market capitalization increased by almost 7%, to USD 357 billion.

As reported, bitcoin bulls are now pushing a new narrative and have started to discuss bitcoin at USD 100,000 more actively.
source of news : www.cryptonews.com