Having hit two-week highs, bitcoin is now aiming for the $10,000 mark, but further gains may be transient. Bitcoin picked up bid yesterday following a bullish breakout on charts and rose above $9,000 in a convincing manner. The cryptocurrency moved higher to $9,961 today – the highest level since Feb. 1.
BTC is up more than 60% from the Feb. 6 low below $6,000. Furthermore, in the last 24 hours, BTC has appreciated by nearly 12 percent.
The price rise should put to rest the fears that bitcoin may take a beating or move in a sideways manner during the Chinese holiday lull.
Litecoin has appreciated by 28% in the last 24 hours and is the biggest gainer among the top 10 cryptocurrencies by market capitalization. Meanwhile, Ethereum’s ether token, Ripple’s XRP, Stellar and NEO are up at least 8% each.
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