Bitcoin News

Bitcoin Price Surges 13% To Break Through $11000

Bitcoin price continues to surge after hitting the $10,200 mark. It is still continuing to grow high as a lot of experts from the Bitcoin fraternity said that ‘it is mooning’.

Bitcoin reached an all-time high in 2020 hitting the $11,000 level. The maximum it has seen was hitting the $11,394-mark but from then it has slightly pulled down to reach the $11,150.

The bit of price drop here suggests that the top-ranked digital asset on CoinMarketCap may have another go at the daily high.

The on-chain activity has recorded a spike in the Bitcoin price which rallied above $10,000. A few Bloomberg analyst have now predicted that the Bitcoin price might surge over the 12,000 mark by the end of 2020.

With the Bitcoin moving up in the market, it had also made a positive effect on Ethereum, which has spiked up before pulling back a bit.

CoinMarketCap predicted that the overall cryptocurrency market cap now stands at $326.7 billion. Bitcoin’s dominance index currently at 63.1%.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.