Bitcoin surged $1,000 in just 30 minutes during U.S. trading hours Thursday, a move that found the leading cryptocurrency rising from $9,335 to a high of $10,400, based on Bitstamp data.
Bitcoin's price rise is now boding well for the broader market.
Names like litecoin and bitcoin SV are reporting double-digit gains at press time.
Ethereum's ETH token and XRP are up 6 percent and 3 percent, respectively.
Bitcoin's dominance rate, the top cryptocurrency's share of total market cap, has also risen to 65.8 percent from 65.4 percent seen earlier today, according to CoinMarketCap.
With the sudden move above $10,000, the prospects of bitcoin breaching the former resistance-turned-support of $9,097 have weakened.
A high-volume break above $11,080 would violate the bearish lower highs pattern and shift risk in favor of a rise to $12,000.
Notably, the move above $10,000 is backed by a rise in buying volumes.
Prices could rise to $11,080 in the next 24 hours.
Price chart via Shutterstock; charts by Trading View.
Bitcoin Price Jumps $1K In 30 Minutes to Top $10,000 Again
gepubliceerd op Jul 18, 2019
by Coindesk | gepubliceerd op Coinage
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