Bitcoin marked another particularly turbulent trading day, whose chart has grown to 7% in the last 24 hours. This caused the cryptocurrency to jump to a new high of 2020, which evened out the question of whether $ 10 is the next target.
Bitcoin price soars up to 7%
If something is unequivocal for 2020, it is that there is no boring day on the cryptocurrency market. Last 24 hours price Bitcoin rose above the previous annual maximum, reaching the prices that were last seen in October 2019.
Today, the price of Bitcoin rose to $ 9750, which led to the destruction of critical resistance at $ 9.
As you can see in the above chart, the last time the price was so high was October 2019. At the time of this writing, the price has returned to around $ 9, which is still more than 686% per day.
As Crypto-Hunter previously reported, Bitcoin recently outlined a mini-gold cross as a 50-day moving average crossed above a 100-day moving average. Amid this notable increase, the next target for Bitcoin could also be $ 10000. However, it is also important to see how the price works at around $ 9550 and whether this level can become support.
Altcoins are also experiencing a surge
Today, not only Bitcoin has grown. The entire cryptocurrency market has also grown. Bitcoin dominance continues to fade, as it currently stands at 64,5%. This means that altcoins require new foundations.
The entire cryptocurrency market is colored green. Some of the most notable winnings include Bitcoin Cash, an increase of almost 14%, and Bitcoin SV, an increase of 13%. Ethereum also demonstrates serious growth of 8,5% and is already trading above $ 200. In general, all the top 20 cryptocurrencies are trading in positive territory.
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Today the total market capitalization increased by more than $ 13 billion, and it is currently about $ 271 billion.