RATE Group | Bitcoin Price Rallies to Touch $8,600 While Altcoins Follow
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Bitcoin Price Rallies to Touch $8,600 While Altcoins Follow

10 Oct Bitcoin Price Rallies to Touch $8,600 While Altcoins Follow

Posted at 03:49h in Bitcoin News by

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Wednesday, Oct. 9 — Bitcoin (BTC) continues its rebound, jumping $400 in a few hours, while altcoins rally in sync with BTC.

Cryptocurrency market daily overview. Source: Coin360

The world’s most popular crypto coin rallied from an intraday low of around $8,200 up to its current trading price near $8,600, showing impressive gains of over 5% in the past 24 hours, while a vast majority of the top 100 crypto coins are pumping in sync with BTC and are recording major double-digit gains. 

Bitcoin seven-day price chart. Source: Coin360

Ether (ETH), meanwhile, followed suit and rallied in sync with most of its fellow altcoins, showing a more than decent gain of nearly 7% on the day. The second-biggest cryptocurrency by market cap hit its intraday low at $179 and has since found its way to $191.58 per coin at press time. However, its price is still down 14% from the high of $222 in mid-September. 

Bloomberg reported that the overall impressive price gains are partly the result of an…

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