RATE Group | Bitcoin (BTC) makes its way above $10,000, no follow-through as yet
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Bitcoin (BTC) makes its way above $10,000, no follow-through as yet

25 Jul Bitcoin (BTC) makes its way above $10,000, no follow-through as yet

Posted at 07:31h in Cryptocurrency News by

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  • Bitcoin and major altcoins are range-bound after a short-lived recovery.
  • We need a follow-through to confirm the recovery.

The cryptocurrency market managed to recover from the recent slump. Bitcoin (BTC) and all major altcoins are in a green zone, showing gains from 2% to 11% with EOS being the best-performing con out of top-20. 

The total capitalization of all digital assets in circulation increased to $278 billion from $266 billion this time on Wednesday. The total trading volume is registered at $59 billion, unchanged from this time on Wednesday. Bitcoin’s market share has reduced to 64.7%.

Top-4 coins price overview

Bitcoin (BTC/USD) touched the intraday high at $10,185 and retreated to $10,090 by the time of writing. Despite the recovery, the upside momentum remains weak, while BTC/USD is balancing on the verge of critical $10,000. We need to see a follow-through; otherwise, bears will regain control over the market. 

Ethereum, the second-largest…

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