Bitcoin News

Bitcoin Price Clings to $10,000 with Latest Rally

© Reuters.   Bitcoin Price Clings to $10,000 with Latest Rally
© Reuters. Bitcoin Price Clings to $10,000 with Latest Rally

(BTC) is not giving up, once again jumping above the $10,000 tier. The leading coin managed to cling to $10,084.48, up around 3.9% in the past day. The climb happened on relatively low volumes, allowing traders to bid upward for the coin.

The current BTC behavior continues to diverge from the parabolic trend established in June, so far stagnating around $10,000. BTC has found support in the growing supply of Tether (USDT), but a breakout above the yearly peak is still not happening.

What is more, the BTC market dominance is starting to slip, going down to 64.7%, as altcoins show improved price positions. The USDT influence now no lo…

This article appeared first on Cryptovest

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