RATE Group | Bitcoin (BTC) breaks above $11,000, altcoins play catch up
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Bitcoin (BTC) breaks above $11,000, altcoins play catch up

05 Aug Bitcoin (BTC) breaks above $11,000, altcoins play catch up

Posted at 03:58h in Cryptocurrency News by

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  • Bitcoin broke above the key resistance level amid growing bullish sentiments.
  • Altcoins hesitantly follow the lead; Bitcoin’s market share jumps above 67%.

The cryptocurrency market has turned into the green after Bitcoin, the most popular cryptocurrency, broke above critical $11,000. This development served as a trigger for crypto bulls improved the technical conditions on the market.

The total capitalization of all digital assets in circulation surpassed to $300 billion for the first time since the mid-July, while Bitcoin’s market share jumped above to 67%.

Top-4 coins price overview

Bitcoin’s recovery has gained ground as the decisive move above $11,000 attracted new buyers to the market and helped to develop the upside momentum. At the time of writing, BTC/USD is changing hands at $11,590, with over 6% of gains on a day-on-day basis. The intraday Relative Strength Index (RSI) stays on the overbought territory; however, the price shows no signs of reversal…

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