Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K

Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K
фото показано с : news.bitcoin.com

2020-10-22 20:30

Cryptocurrency markets have seen intense gains on Wednesday after the payment processor Paypal announced it would be supporting digital currencies. At the time of publication, the market cap of all 7,000+ digital assets has gained 5.6% hovering above $379 billion during the afternoon trading sessions.

Digital currency markets have increased a great deal during the last 24 hours as the aggregate crypto market capitalization is nearing $400 billion. The price of bitcoin (BTC) spiked on Wednesday morning after Paypal revealed cryptocurrency support during the morning trading sessions.

BTC has gained 7.1% during the last seven days and the price is close to touching $13k per coin. During the last 30 days, BTC is up 22% and over 76% year-to-date. At the time of writing, BTC is currently swapping for $12,839 a unit.

Behind BTC, is ethereum (ETH) which has gained 6.9% during the last week as the coin is currently trading for $397 per unit. ETH is followed by tether (USDT) and XRP which is up 4.4% today at $0.25 an XRP.

The fifth-largest market cap is held by bitcoin cash (BCH) and its markets have gained 7.1% on Wednesday. BCH is trading for $261 per coin and is up 22% for the last 30 days and 26.9% for the last year.

No one’s quite sure where bitcoin and the rest of crypto markets will go from here but bitcoin (BTC) is inching toward a key macro level. BTC’s price is higher than it was in mid-August and slowly approaching the 2019 all-time high (ATH).

On June 26, 2019, bitcoin’s ATH that day touched $13,796 per coin. This means at today’s price of above $12,800 per coin, BTC will need to gain more than 7.5% to surpass the June 2019 ATH.

A number of crypto proponents are attributing Wednesday’s bullishness to the Paypal news but also the number of firms joining bitcointreasuries.org as well. Furthermore, traders are eying bitcoin futures and options markets as well, as bitcoin options traders are prepping for big moves ahead.

In addition to BTC nearing the $13k zone, the cryptocurrency has stayed above $10k for 87 days straight which means the 62 day run in 2017 has been broken.

What do you think about the positive action within crypto markets during the last 48 hours? Let us know what you think in the comments section below.

The post Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K appeared first on Bitcoin News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Доступно / Всего 510.803m DRS

digital market supporting processor announced paypal assets

Источник: news.bitcoin.com

digital market → Результатов: 126


4 Best Performing Cryptocurrencies For The Week Of July 11-18

The performance of the cryptocurrency market in the last seven days was average as the prices of the top 20 digital assets experienced a significant fall, soon after the market bull run. However, there are several other digital assets that pulled their socks to climb higher on the price curve despite the storm that blew […] The post 4 Best Performing Cryptocurrencies For The Week Of July 11-18 appeared first on ZyCrypto.

2019-7-18 14:52


Фото:

Swiss Stock Exchange Operator Plans to Launch Crypto Exchange

SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange. The firm says it plans to launch "the first market infrastructure in the world” which will “offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.

2018-7-7 23:11


Fondo Network: Quality Cryptocurrency Trading Exchange?

What Is Fondo Network? Fondo Network Exchange is a cryptocurrency trading network that seeks to become a prominent service within the cryptocurrency market. Under the network exchange, Fondo hopes to provide users with all the facilities to enable them to purchase or sell their cryptocurrencies and other digital assets. Their leading exchange platform will also look […]

2018-7-1 11:16


Фото:

Market Lows: High Time For Facebook To Buy Coinbase?

New rumors are circulating that social media giant Facebook has plans to purchase the US’ biggest digital currency exchange, Coinbase, as part of an apparent U-turn on cryptocurrency.   Acquisition ‘Not Surprising’ Following initial suspicions in mainstream media earlier this month, UK publication The Independent renewed the likelihood of a buyout Wednesday — quoting a source who said he wouldn’t be “surprised” if a deal occurred.

2018-6-27 22:00


Andreessen Horowitz not a catalyst in crypto-comeback, says Bart Smith

CNBC Fast Money recently tweeted an interview on the cryptocurrency market and its comeback with Bart Smith, the Digital Asset Leader of the trading conglomerate group – Susquehanna International. During the interview, Smith shared in detail, his views on various catalysts leading to the comeback of retail in crypto. On being asked if retail will […]

2018-6-27 19:24


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Winter Hysteria: How to Winter Without Panic

Crypto Winter: Here’s what a crypto trader should do to avoid hysterical behavior and survive the potential 2022 crypto winter. The post Crypto Winter Hysteria: How to Winter Without Panic appeared first on BeInCrypto.

Indians Hold $40 Billion in Cryptocurrency, Report Suggests

Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies.

Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests

Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with.