Bitcoin price broke the $10,000 barrier and rallied to $10,380 for the first time in 3 months.
Listen to article Market Update Within the last hour Bitcoin price abruptly surged to $10,380 after spending the last month trading in a symmetrical triangle pattern.
The move above the crucial $10K mark occurred as U.S. President Donald Trump mobilized local police and the National Guard to disperse masses of protestors on the White House grounds.
After a brief pullback to $10,100 bulls stepped in to provide renewed buying pressure.
At the time of writing the top-ranked cryptocurrency on CoinMarketCap has broken above the long-term descending trendline which has been in place since Bitcoin reached a $19,800 all-time high in 2018.Crypto market weekly price chart.
Altcoins also began to rally in response to Bitcoin moving back to $10,000 and many tokens in the top-20 rallied 3 to 5%.Ether, the largest altcoin, advanced 6.64% to $250.68.
Stellar Lumens rallied 6.81%, and NEO gained 11.75%.The total cryptocurrency market capitalization is over $284.2 billion at press time, with Bitcoin's share continuing to grow at 65.9%.Keep track of top crypto markets in real time here.
Bitcoin Price Surges to $10,380 as Trump Threatens Military Crackdown
gepubliceerd op Jun 2, 2020
by Cointele | gepubliceerd op Coinage
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