Bitcoin continued its recent bull run with another leg above $11,700. Altcoins follow along with some impressive gains and the total market cap ascended by over 4.5%.
This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of
Bitcoin Bitcoin saw a massive 17.7% price surge over the past week. During the past fortnight, Bitcoin managed to break above a symmetrical triangle pattern as it started to push higher to reach $9,815 by the start of this week.
Bitcoin remains stable around the $11K mark, Ethereum's bull run continued with another 5% increase. Markets: Worst GDP quarterly results in the US since WWII hardly impact the stock markets.
Bitcoin fails at breaking above $11,400, while most altcoins are registering losses. The US stock market indexes registered gains yesterday after Fed Chair Jerome Powell reassured that Congress will continue with the stimulus packages.
Bitcoin's decisive price jump towards $11,000 has increased speculations of a significant bull-run in the making. In contrast, a popular analyst believes that altcoins losing value against BTC means the altseason is over.
Bitcoin passed by the $10,000 level and has increased its dominance over the cryptocurrency market to 61.4%. Gold's price continued its run and marked a new all-time high of over $1,930 per ounce.
Bitcoin's dominance has dropped to its lowest point in over year, despite BTC rising this week, thus perhaps confirming the ongoing altseason. ETH surpassing $300.
Binance CEO CZ hinted that the exchange will be launching a DeFi-related IEO. Bitcoin stays above $9,500, while ETH is hinting a move towards $300.