RATE Group | Bitcoin closes in on $9,000, altcoins catch up with the pace
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Bitcoin closes in on $9,000, altcoins catch up with the pace

05 Mar Bitcoin closes in on $9,000, altcoins catch up with the pace

Posted at 10:49h in Cryptocurrency News by

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  • Bitcoin price climbs above$9,000 as $9,100 beckons.
  • BitGo finds tremendous interest in its new crypto lending business.
  • Incoming BoE governor says that investors buying Bitcoin must prepare to lose their money.

BTC/USD has smashed above the $9,000 level after a 3.54% growth in value on the day. The losses recorded earlier this week are gradually being faced out with the bulls stamping their feet confidently on the ground. The day’s volatility on the market remains high while the trend is quite bullish. A break above $9,100 is a sure way of revamping the recovery and relaunching the journey back to $10,000.

ETH/USD is swiftly following in the footsteps of the granddaddy of cryptocurrencies, Bitcoin (BTC). While it has achieved an intraday high of $230, the bulls lack the mojo to sustain the gains. Instead, Ethereum price has corrected to $228 (market value). It is holding on to the 1.5% gains accrued on the day. Just like Bitcoin its volatility remains…

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