After a sharp decline to $6,100 mark yesterday, Bitcoin took an equally sharp hike and reached over $6,500 level. At the time of writing, Bitcoin has been trading at $6,430 while being up by about 2 percent. As you can see in the chart below, today’s price range has been between $6,371 to $6,460.
The daily trading volume of world’s leading cryptocurrency has also taken a surge at $4.2 billion with a market cap of $111 billion. As for the BTC dominance, it has taken a slide and hit 54.7 percent.
On another front, recently, a flaw has been detected that was successfully patched by Bitcoin core developers who released a new software version. The flaw could have been easily exploited and led to a disaster but the developers reacted quickly and the bug didn’t even make it to the production release.
As stated by Andreas M. Antonopoulos, the track record of the most popular cryptocurrency is simply the best.
As it usually happens, altcoins also hiked in tandem with Bitcoin as a majority of the crypto market is in green. Out of the top cryptocurrencies,
The winner of today’s gainers is Electroneum (ETN) with 52 percent gains at $0.00799 with just about $1 million daily trading volume.
Verge (XVG), Basic Attention Token (BAT), and Nano are also gaining significantly in over 9 percentage.
BitcoinDark (BTCD) is suffering from the highest losses of more than 14 percent. Aurora, Dentacoin, and NEM are also among the red.
These gains in the altcoins have the market cap of the entire crypto market cross $200 billion. For the past few days, there has been lots of ups and downs but yet again it has reached $203.8 billion.
At the moment, Bitcoin and altcoins are maintaining a good price momentum with a lot of green in the market. But it is yet to seen if these gains will be extended or as experts are saying are we still in the bear market.
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