RATE Group | Bitcoin Holds the Week’s Major Gains as Other Altcoins Struggle
35754
wp-singular,post-template-default,single,single-post,postid-35754,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Holds the Week’s Major Gains as Other Altcoins Struggle

21 Jul Bitcoin Holds the Week’s Major Gains as Other Altcoins Struggle

Posted at 07:47h in Bitcoin News by

[ad_1]

July 20: Bitcoin (BTC) has split off from other top cryptocurrencies and shows markedly more resilience in holding on to gains secured in the major upswing that kicked off earlier this week.

Market visualization from Coin360

Market visualization from Coin360

As Coin360 data shows, the top coin is an island of green, while most major alts are struggling to maintain positive momentum.

Bitcoin (BTC) is trading around $7,398, up a fraction of a percent over the 24 hour period to press time. The leading cryptocurrency has been trading sideways as of early trading hours July 18, following an impressive uptick on July 16 that accelerated yet further July 17.

Bitcoin’s weekly and monthly gains are in positive territory, at about half a percent and 20 percent respectively, according to CoinMarketCap data.

Reflecting on Bitcoin’s strong rally this week, Arthur Hayes, CEO of crypto exchange BitMEX, said today that the current bull run may yet give way to test a price point of $5,000 before heading to $50,000 in 2018.

Bitcoin 7-day price chart

Source link

Tags:
, , , , , ,