Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Having slumped substantially last week, falling below a key resistance point of $10,000, Bitocin has managed to consolidate and use its steady gains over the last five days to springboard back above that $10,000 marker. The coin reaching a high of over $10,400 over the last 24 hours.
This recent spike has taken the price of Bitcoin from around $9,800 to $10,400 overnight, a gain of over six percent. It was a rather rapid gain too, especially considering that it took Bitcoin five days to climb a mere 400 dollars after its quick slump at the middle of last week.
A lot of the reason for this spike comes down to an accumulation phase just short of the $10,000 mark, as well as charts suggesting that a price break out was on the way. Additional to that is the fact that Bitcoin’s dominance has finally cracked the 70 percent mark showing strong favoritism in the cryptocurrency space. However, altcoin shave also capitalised on the recent price rise from the major cryptocurrency.
A few predictors said at the drop of the price in the major cryptocurrency that there was nothing to fear as, over the entire year, Bitcoin was performing well. In fact, Mike Novogratz even commented that the coin was in a consolidation phase.
He went on to predict that the impending involvement of institutional investors in the crypto space would fuel the next leg of the bull run. He said:
“Bitcoin started the year at $3,800, traded at $3,500 and now it’s at $10,200 and so it’s up 200% odd percent already. It has had a huge run, and so I think this is a bit of consolidation.”
Additionally, there are some who are drawing on the recent spate of good news that toes to Novogratz’s asertations about institutional interest. For instance, long-awaited Bitcoin futures trading platform Bakkt recently announced that it will start accepting deposits for its custodial service Bakkt Warehouse on September six.
This deadline is fast approaching and with that there will be institutional investors who want to take advantage of that buying up Bitcoin to use this new, well regulated, service. Futures have been an enigma for the price of Bitcoin since they reached the cryptocurrency market.
When they were first launched it was at the all time high for the coin, but this was followed by a substantial drop and the 2018 bear market. This launch from Bakkt may be different as the market is far more mature this time around
As is often the case, the altcoin market is following Bitcoin;s movement and most of the top 20 coins are also in the green, and some of them substantially so. The top gaining coin in the top 20 of coins is Ethereum classic which is up seven percent, but from there most coins are not doing as well as Bitcoin.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Bitcoin breaks 900-day milestone stuck in bear market – according to realized price metrics
33 minutes ago | CryptoSlate
Nvidia CTO Claims Cryptocurrencies are Useless: AI Chatbots a Better Use of Processing Power
35 minutes ago | Cryptonews
Ethereum Gears Up For The Massive Shanghai Upgrade: Here´s What To Expect
35 minutes ago | CoinPedia
Bitcoin Holders Hit New Highs as Fed Tightening Eases
38 minutes ago | Blockworks
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
FTXUS
Introduction to the FTXUS Trading Platform FTXUS is a type of cryptocurrency derivatives exchange...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
Bitcoin Breaks Back Above $10,000 With Altcoins Following Suit
Having slumped substantially last week, falling below a key resistance point of $10,000, Bitocin...
Interview: Is Bitcoin Really Digital Gold?
There has been a long standing narrative that Bitcoin can operate as a fantastic store of value...
Will Amazon accept cryptocurrency payments?
Will Amazon accept cryptocurrency payments?On October 31, rumors spread about Amazon, according...
Bitcoin Leads Crypto Market Recovery, With 15% Increase In Two Days
Since the COVID19 situation became a global pandemic around early to mid March 2020 the...
Kraken
Kraken was founded in Sans Francisco in 2011. Kraken is one of the biggest exchanges of...
Are we going towards a definitive ban on cryptocurrency trading in India?
Following the decision of the Reserve Bank of India (RBI) to ban cryptographic banking services,...
Is Algorand a good investment?
Algorand is one of the newly listed altcoins that shows a lot of potential in the crypto market....
What are the top 10 Altcoins?
Contrary to popular belief, bitcoin is not the only cryptocurrency. New cryptos have been...
VeChain and Mastercard Back Australia-China Supply Chain
VeChain and Mastercard show support for the Asia Pacific Provenance project. The council has...
Beechat: Instant Messaging For Cryptocurrency
For those who think that cryptocurrency has reached its peak, it might be time to think again....
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS (0)