BTC Eyes $25K for the 1st Time Since August – Crypto Markets add $100Bl
Another day that Bitcoin is moving higher and out of the doldrums we witnessed the past several months. Bitcoin is nearing $25K at $24469 this morning
BTC Eyes $25K for the First Time Since August as Crypto Markets Add $100Bl: Market Watch
“The past several days were relatively negative for bitcoin, which dropped from over $24,000 to $21,500 amid the ongoing regulatory scrutiny by the SEC and other US watchdogs. Then came the US CPI numbers, after which BTC dropped below $21,500.
After some enhanced volatility in the following hours, bitcoin found itself trading around $21,500 yesterday. At this point, though, the entire landscape changed.
The primary cryptocurrency initiated one of its largest green candles in months and soared from $21,500 to $24,900 (on Bitstamp), registering its highest price tag since August 15. Despite retracing by a few hundred dollars since then, BTC is still more than 11% up on the day, as Mike Novogratz predicted $30,000 by the end of March.
Its market capitalization has jumped to $475 billion for the first time in months. Its dominance over the altcoins has gone up to 42.7%, meaning that the metric is up by over 1% in just a day.”