RATE Group | Bitcoin Reclaims $10,000 As Alts Rally
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Bitcoin Reclaims $10,000 As Alts Rally

25 Jul Bitcoin Reclaims $10,000 As Alts Rally

Posted at 09:30h in Bitcoin News by

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Thursday, July 25 — the crypto markets are seeing a strong surge of green, with altcoins posting the strongest gains and Bitcoin (BTC) breaking back above the psychological price point of $10,000.

Market visualization

Market visualization. Source: Coin360

Having dropped to a four-figure price point in recent corrections, BTC is today up a solid 3.2%, bringing it to $10,075 by press time. 

While still short of its intra-week high of over $11,000 (July 21), today’s recovery has brought the coin to a circa 4% gain on its 7-day chart. 

In an interview on the podcast Unchained this week, Pantera Capital founder Dan Morehead analyzed the cryptocurrency’s logarithmic growth rate and forecast that Bitcoin could hit $42,000 by the end of 2019, and even potentially reach $356,000 within a couple of years.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

Top altcoin Ether (ETH) has posted a strong gain of close to 7% and is trading around $222 by press time. Despite recent fluctuations, the coin has held ground…

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