Bitcoin Nears $11,000 Mark While Altcoins See Mixed Results

Sunday, Aug. four — Bitcoin (BTC) has continued to achieve momentum at the moment, with its worth nearing the $11,000 mark. The highest 20 cryptos by market capitalization are seeing combined outcomes on the day, with most good points and losses round or beneath 2%.

Market visualization from Coin360

Bitcoin has seen a significant bullish transfer this week, up 15% from round $9,500 to nearly $11,000 at press time. Over the previous 24 hours, Bitcoin has continued to develop steadily, having its worth improve by 1.66% to $10,944 at press time.

Bitcoin 7-day price chart. Source: Coin360

Bitcoin 7-day worth chart. Supply: Coin360

Ether (ETH), the second cryptocurrency by market cap, is down round zero.6% to commerce at $219.95. Nonetheless, over the previous week, Ether is up nearly 6%, in accordance with CoinMarketCap.

Ether 7-day price chart. Source: Coin360

Ether 7-day worth chart. Supply: Coin360

XRP, the third prime cryptocurrency by market capitalization, is seeing good points at press time, up 1.76% to $zero.322 over the previous 24 hours, rising four% over the previous seven days.

Ripple 7-day price chart. Source: Coin360

Ripple 7-day worth chart. Supply: Coin360

Tezos (XTZ), the 15th prime cryptocurrency by market cap, has seen the most important good points among the many prime 20 cash over the previous 24 hours. At press time, XTZ is up 7.97% to commerce at $1.48, in accordance with Coin360.

Furthermore, Tezos can also be the winner of the week, having its worth skyrocketed by round 47% over the previous seven days. On July 30, Cointelegraph reported that main American crypto alternate Coinbase will listing Tezos on its skilled buying and selling platform on Aug. 5.

In distinction, Chainlink (LINK), the 17th largest coin by market cap, is seeing the most important losses out of the highest 20, down three.94%, in accordance with Coin360.

Whole market capitalization quantities to $284 billion at press time, up from round $260 billion seven days in the past. Each day commerce quantity barely declined from its weekly highs to $47 billion at press time, in accordance with CoinMarketCap.

Yesterday, American broadcaster and main Bitcoin bull Max Keiser predicted on Twitter that Bitcoin worth will cross $15,000 this week, arguing that confidence in centralized cash and establishments is at a multi-decade low. Earlier in July, Keiser made one other bullish forecast for Bitcoin, claiming that the upcoming crypto rally is not going to embrace altcoins.

In the meantime, Bitcoin’s market share has been steadily breaking yearly data over the previous week, up from 64% to 66.eight% at press time.

Bitcoin’s dominance on the market over the past year. Source: CoinMarketCap

Bitcoin’s dominance in the marketplace over the previous yr. Supply: CoinMarketCap

Not too long ago, Cointelegraph reported on crypto index supplier Bitwise suggesting that Fb’s cryptocurrency mission Libra fast-forwarded crypto’s future by two to a few yr.

Maintain observe of prime crypto markets in actual time right here

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