RATE Group | Crypto Markets Reach 6-Month Milestone Following Monster Rally
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Crypto Markets Reach 6-Month Milestone Following Monster Rally

12 Feb Crypto Markets Reach 6-Month Milestone Following Monster Rally

Posted at 19:54h in Cryptocurrency News by

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  • Bitcoin’s price approaches $10,500 for the first time since early September.
  • Twenty-nine of the 30 top cryptocurrencies reported gains Wednesday.
  • The combined market cap of all coins crosses $300 billion for the first time in six months.

Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August.

Bitcoin Rallies

The bitcoin price rallied in the overnight session, eventually topping out at $10,487.46 on Gemini – the highest since September. The original cryptocurrency was last seen hovering just below $10,400, having gained nearly 5% over the 24-hour trading cycle.

Bitcoin has rallied 47% since the start of 2020. | Chart: TradingView

At current values, bitcoin has a total market capitalization of $188.9 billion, accounting for 62.4% of the crypto asset class.

Bitcoin’s return to $10,000 seemed imminent last week after the largest cryptocurrency achieved an…

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