Bitcoin Price Soars Above $ 6100, Returning Investor Attention


Bitcoin Price Soars Above $ 6100, Returning Investor Attention

The bitcoin rate confidently overcame the important resistance level of $ 6,000, which opened the way for the bulls to conquer new heights and attracted the attention of large investors.

Since yesterday, the price of the first cryptocurrency has been gradually increasing, and after the overnight breakdown of the $ 6 thousand mark, the market consolidated its success with a sharp jump to $ 6075. At the time of this writing, the correction is still ongoing, and the bitcoin rate (BTC) is at the $ 6100 mark. Although the daily growth is only 3.6%, reaching this psychological mark is important for the market..

The last time BTC traded above $ 6 thousand was before the November collapse, which marked the beginning of crypto winter and led to a drop in the value of the coin to $ 3,100. The current recovery is up to of the lost level indicates the interest of investors in the asset and serves as an incentive to strengthen the onslaught of the bulls, which retained the upward momentum, even despite the recent negative news background.

Bitcoin Price Soars Above $ 6100, Returning Investor Attention

As a result of recent growth Bitcoin capitalization reached $ 108 billion, and market share increased to 57.2%, which is the highest figure in the last 8 months. Daily trading volume was $ 15.8 billion.

Experts attribute the positive dynamics to the desire of large investors to enter the market. Tim Anking of Digital Capital Management in his interview yesterday Forbes said that it would be difficult to break through the $ 6 thousand level, but after that almost certainly there will be a powerful leap.

The main threat to the further ascent of analytics is the current overbought asset.

Typically, Bitcoin’s rise encourages altcoins to follow suit. Today this can also be observed, but the indicators of other cryptocurrencies are significantly inferior to the leader..

During the day, the ether rate (ETH) added 0.32% and is trading at $ 170.9. While the recent test launch of Ethereum 2.0 gave momentum, it was weak and quickly dwindled. Ripple price (XRP) fell 0.24% to $ 0.299. Bitcoin Cash (BCH), Litecoin (LTC) and EOS rose 0.32%, 041% and 0.21%, respectively.

In general, the capitalization of the crypto market continues to increase, regulators have become more lenient towards the new asset class and derivatives, and large financial companies are starting to work directly with virtual currencies.

text: Ivan Malichenko, photo: hacked, charts: CoinMarketCap

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