RATE Group | Tezos (XTZ) Outperforms Bitcoin Price With 80% Monthly Gain
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Tezos (XTZ) Outperforms Bitcoin Price With 80% Monthly Gain

06 Feb Tezos (XTZ) Outperforms Bitcoin Price With 80% Monthly Gain

Posted at 06:26h in Bitcoin News by

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Since the start of the year Bitcoin (BTC) has gained approximately 41% and on Feb. 5 the crypto asset thrilled investors as the price broke through the $9,500 resistance and rallied to set a new yearly high at $9,745. 

In light of Bitcoin’s strong trend reversal from its 2019 bottom at $6,400, there is a growing number of altcoins that have far eclipsed Bitcoin’s recent gains. Take, for example, Tezos (XTZ) which to date has rallied 205% off its October 2018 low at $0.728. 

Crypto market daily price chart. Source: Coin360

As Bitcoin rallied 6.14%, XTZ blitzed 15.76% to top a 19-month high at $2.24. Aside from the recent bullish market trend that is driving many altcoins to produce double-digit gains, a growing number of crypto exchanges now offer staking rewards for investors who hold XTZ. 

This week Binance also announced that it had added XTZ/USDT perpetual contracts. The new trading option will allow traders to choose between 1-50x leverage on their XTZ/USDT…

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