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Bitcoin (BTC) Price Rises Above $9,700, $10k on the Cards??

© Reuters.   Bitcoin (BTC) Price Rises Above $9,700, $10k on the Cards??
© Reuters. Bitcoin (BTC) Price Rises Above $9,700, $10k on the Cards??

(BTC) re-sparked hopes of growth with another jump, this time to the $9,700 range, within a small distance of the “moonshot” to $10,000. The lack of shakedowns and the effect of Facebook’s Libra announcement helped boost the leading coin.

Trading volumes are steadily picking up, above $17 billion’s equivalent. Cryptocompare data reveals that the current rally depends on Asian exchanges, through fiat volumes in dollars remain above 16%. Tether (USDT) trading takes up above 63% of all activity.

BTC mining has followed the price spike, with activity once again rising to record levels above 61.5EH/s. Currently, most of the mining is concentrated in China, based on the readily accessible hydroelectric power. At pr…

This article appeared first on Cryptovest

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