Throughout the final hour Bitcoin (BTC) worth pushed via the $11,000 stage in a excessive quantity surge which noticed the value attain a brand new 2020 excessive at $11,394.
On the time of publishing the value has pulled again barely to the $11,150 vary however buying quantity continues to rise on the 1-hour timeframe. This implies that the top-ranked digital asset on CoinMarketCap could have one other go on the each day excessive.
Crypto market weekly worth chart. Supply: Coin360
As reported earlier by Cointelegraph, on-chain exercise registered a big spike in change influx as Bitcoin worth rallied above $10,000 and Bloomberg analysts now estimate that Bitcoin worth will rise above $12,000 this 12 months.
Ether worth (ETH) additionally surged above its earlier excessive by rallying to $333.52 however on the time of writing the highest altcoin has pulled again under $330.
Bitcoin each day worth chart. Supply: Coin360
In accordance with CoinMarketCap, the general cryptocurrency market cap now stands at $326.7 billion. Bitcoin’s dominance index at the moment at 63.1%.
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