RATE Group | Bitcoin and major altcoins start the trip to the moon
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Bitcoin and major altcoins start the trip to the moon

14 Jan Bitcoin and major altcoins start the trip to the moon

Posted at 12:21h in Cryptocurrency News by

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  • Bitcoin has hit a new high of 2020 amid strong bullish momentum.
  • Altcoins are driven higher by a combination of bullish sentiments and technical factors.

The cryptocurrency market has been growing strongly following the successful launch of options on Bitcoin futures on CME. Positive momentum has been increased by technical factors as Bitcoin and may altcoins broke crucial resistance levels and thus attracted new speculative buyers to the market. The cryptocurrency market capitalization increased to $228 billion, while an average daily trading volume reached $99 billion. Bitcoin’s market dominance is registered at 68.1%.

Bitcoin (BTC) price update

The largest cryptocurrency by market capitalization hit the intraday high at $8,587 during early Asian hours and retreated to $8,517 by. press time, The coin has gained over 5% both on a day-to-day basis and since the beginning of the day. Despite the retreat, BTC/USD is still trading above critical $8,500,…

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