The investors which are actively following the latest Bitcoin news are quite optimistic about the current trend of Bitcoin, which saw the most dominant cryptocurrency rising to new highs and coming close to the $4,500 margin. This has been interesting particularly for the investors who ‘caught’ Bitcoin at its apparent ‘bottom’ of $3,500 which was days ago.
Bitcoin is yet to surpass the $4,300 mark on fiat-to-crypto exchanges. However, on crypto-to-crypto trading platforms, it is already trading at around $4,500. The new Bitcoin rally has been fueled by the corrective action on the market – especially when it comes to other tokens.
Speaking of, there is a lot of green action in today’s crypto charts. Aside from Bitcoin’s 8% surge, Ripple has surged by 5%, Ethereum has risen by 6% and Stellar has dominated the top 10 cryptocurrencies surge by topping out around 12% overnight.
Cardano (ADA) has been also solid and rose about 15%, and TRON (TRX) is the clear winner in the overnight action – rising by more than 25% and reaching the $0.015 mark. Practically all of the top 20 altcoins were in the green which is something that investors needed at this point.
As Bitcoin ended the day with a positive short-term movement, analysts were confident to say that this is the first reversal signal on weeks and that from now, we can either expect a solid rise day after day – or a very violent move down.
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