Bitcoin set a new 15-month record high price on June 25 as the largest cryptocurrency continues its giant three-month bull run.
Data from Coin360 puts bitcoin firmly in the driving seat on cryptocurrency markets, 24-hour gains topping as much as 6% to take BTC/USD over $11,350.
The last time the pair traded at those levels was in the first week of March 2018, before a protracted bear market set in, which took bitcoin to lows of $3130.
The latest surge continues the surprising upward trend which set in on April 1, bitcoin shaking off negative news and other pressure to completely reverse most of its 2018 losses.
In a further milestone, bitcoin's market cap now sits at over $200 billion, a figure not seen since earlier last year.
Overall market dominance has now reached 60% - a record since 2017.Bitcoin 7-day price chart.
"Bitcoin Dominance continues to look bullish and as long as BTC continues to push up, no alt-season at this moment."
Altcoins have indeed produced comparatively lackluster performance as attention focuses on bitcoin's return to form.
Ethereum, the second-largest cryptocurrency by market cap, inched higher to hit $313 Tuesday, one of the best performers in a broadly flat market.
Bucking the trend is binance coin, which came off its own all-time highs near $40 to trade closer to $36 per coin at press time.
Bitcoin Breaks $200 Billion Market Cap For the First Time in 17 Months
Publicado en Jun 25, 2019
by Cointele | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.