Bitcoin Rebounds from Below USD 10K to above USD 11K in Ten Hours
It took ten hours for the largest cryptocurrency, bitcoin, to rebound from USD 9,960 to USD 11,000 before it moved even higher.
At pixel time (04:38 UTC), bitcoin trades at c. USD 11,360 and is up by more than 13% in the past 24 hours, trimming its weekly loss to 7% and increasing monthly gains to 31%.
Bitcoin price chart:
As it was the worst performing major digital token yesterday, on Wednesday, bitcoin once again leads other coins from the top 10 by market capitalization. Ethereum and Bitcoin SV are the two best performing major altcoins (c. +7%), while other coins from the top 10 are registering 1%-6% gains.
The total market capitalization jumped by almost 11%, nearing USD 325 billion. Bitcoin dominance, or the percentage of the total market capitalization once again increased above 62%, where it was in the last days of June.
Smaller capitalization coins from the top 100, such as Waltonchain, Tezos, Energi jumped by around 20% in the past 24 hours.