RATE Group | Bitcoin is trying to break above $9,000
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Bitcoin is trying to break above $9,000

17 Jan Bitcoin is trying to break above $9,000

Posted at 13:50h in Bitcoin News by

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The first rally in 2020 and a breath of fresh air not only for Bitcoin but for almost all altcoins continues to feed the market with hope. On Friday, Bitcoin is trying to break above $9,000. Altcoins have shown impressive spike and at the moment switched to more moderate growth. Over the last week, the total capitalization of the crypto market grew by 18% to $244bn.

What is happening now is indeed often reminiscent of 2017, but the current price levels of altcoins are still much lower. The first to declare the beginning of the “altcoin season” faced harsh criticism. However, now it is unlikely that the critics will be so fierce. The more consistent the growth of altcoins, the fewer pessimists will be left. And when there are very few pessimists, the market usually starts to drop.

FxPro

We do not want to spoil the good mood of the altcoin holders, but the current growth is very likely to be speculative. Bitcoin can boast of infrastructure, institutional investors,…

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