Bitcoin (BTCUSD)

[Investors3]

Bitcoin Price Rallies 13% to Break Through $11,000
July 27 2020 - 11:04PM
Cointelegraph

https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/82934010/bitcoin-price-rallies-13-to-break-through-11-000

Bitcoin price rallied to $11,394 and surging volume suggests bulls have plans to press the price even higher.

https://cointelegraph.com/news/bitcoin-price-rallies-13-to-break-through-11-000

Bitcoin Price Rallies 13% to Break Through $11,000
RAY SALMOND
16 MINUTES AGO

Bitcoin price rallied to $11,394 and surging volume suggests bulls have plans to press the price even higher.

Within the last hour Bitcoin (BTC) price pushed through the $11,000 level in a high volume surge which saw the price reach a new 2020 high at $11,394.

At the time of publishing the price has pulled back slightly to the $11,150 range but purchasing volume continues to rise on the 1-hour timeframe. This suggests that the top-ranked digital asset on CoinMarketCap may have another go at the daily high.

As reported earlier by Cointelegraph, on-chain activity registered a significant spike in exchange inflow as Bitcoin price rallied above $10,000 and Bloomberg analysts now estimate that Bitcoin price will rise above $12,000 this year.

Ether price (ETH) also surged above its previous high by rallying to $333.52 but at the time of writing the top altcoin has pulled back below $330.

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

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