Bitcoin Recuperates The $10,000 Level With A 4% Increase

Bitcoin is in the focus of our latest cryptocurrency news after going in the five digits zone again and reclaiming the $10,000 price margin with a 4% increase. The most dominant cryptocurrency has a dominance of 64.7% right now and a market cap of $180 billion. The daily trading volume for BTC is $17.27 as Bitcoin recuperates the new price margins and altcoins are following the greens.

Speaking of, the altcoin news show that Ethereum (ETH) is leading the run with a 8% increase on the day and a price that locked in $223 this morning. Ripple (XRP) is rising with a 3.47% momentum and a price of $0.31 while Litecoin (LTC) is at $95 with a 6% increase on the day.

As Bitcoin recuperates the old price, some altcoins are even outperforming it in terms of daily growth.
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One of the most impressive gainers today in the coming altcoin news is EOS (EOS) which managed to rise by 10% and establish a price at $4.68. We can see greens all over the top 20 list. The only losers in the top 30 are Crypto.com Chain (CRO) which fell by 5% and V Systems (VSYS) which lost 2%.

Today’s recovery has brought a lot of coins in the green. The total cryptocurrency market cap has jumped to $279 billion too, and the daily trading volume is closing the $60 billion number as we speak.

In an interview on the Unchained podcast this week, the founder of Pantera Capital Dan Morehead analyzed the cryptocurrency and its logarithmic growth. As Bitcoin recuperates $10,000, the CEO of Pantera Capital is sure that it could hit $42,000 as the year ends and even potentiall $356,000 within a couple of years.

The fact that the altcoins have also spearheaded while Bitcoin recuperates in the market recovery is getting a lot of attention on many best cryptocurrency news sites. Commentators in the space are happy that the losses from yesterday did not continue. There are others too which have taken the opposite view and anticipated a resurgent alt season, suggesting that a maturing market will likely strengthen rather than diminish the correlation between BTC and other cryptos.

No one knows if the trend with Bitcoin will continue and possible bring BTC closer to its yearly high at $14,000 – or slam it once again and put it in the $9,000 region (or lower).