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%.