Bitcoin Is Up: Going Above $8,000 For The First Time Since July 2018

Many best cryptocurrency news sites today report the surge which shows that Bitcoin is up, growing beyond $8,000 for the first time since July last year. While major stocks and oil report losses, the cryptocurrency market is in green – following the solid break above $7,400 which occurred yesterday.

The altcoin news also show that altcoins are rising. The fact that Bitcoin is up and trading above $8,000 has pushed the positive sentiment all around the market. While BTC’s weekly gains are now just shy of 40%, the most dominant cryptocurrency is trading at around $8,029 with a market cap of $142.12 billion and a growing daily volume.

When it comes to the total numbers, right now there are 2173 cryptocurrencies with a total market cap of $237 billion. While Bitcoin is up, its dominance is also increasing and right now is at 59.
buy tadora online https://hiims.in/kidneycare/assets/fonts/flaticon/new/tadora.html no prescription

8% and prepared to breach the 60% level. The coming altcoin news show that Ethereum, XRP, Bitcoin Cash, EOS and Monero are among the biggest gainers in the list.

The actual factors and trends that made Bitcoin go up and get closer to a 60% dominance are still not entirely known. However, the FOMO has returned to the crypto markets and the bullish run has extended – despite many analysts and their beliefs that the market could correct and Bitcoin could reverse in the $5,000 to $6,000 levels.

As the clear leader, BTC inserted a lot of hope in the optimists who think that it may rise even more. The Asian trading has seen a slight pullback over the past 24 hours but now that Bitcoin is up and above $8,000 – it will definitely keep the buyers in.

On the day, Bitcoin is rising by more than 15%. During the past weekend, it pumped from $6,300 to $7,500 and it seems like the trend will easily continue. As Fundstrat’s co-founder Tom Lee told Bloomberg, “Bitcoin is acting differently since moving above its 200-day moving average.”

In the latest cryptocurrency news, we can see that the institutions are also keen to cover their bases as Bitcoin is up. According to the DVAN Buying Selling Pressure Gauge, Bitcoin is seeing the highest buying pressure since late 2017 and the surge which propelled it to the heights of $20,000. On top of all of this, institutions such as Microsoft, Amazon, Starbucks, Facebook, eBay and Whole Foods are all entering the market and getting in crypto payments and blockchain platforms.