Bitcoin demonstrated an 11 percent increase in price, moving closer to the $10,000 mark, which analysts often describe as the psychological threshold for the cryptocurrency. As CCN noted in the past, because the market tends to follow the trend of bitcoin in terms of massive volatility, over the past 24 hours, most cryptocurrencies have followed bitcoin’s upward momentum.
Since yesterday, the price of bitcoin rose from $8,840 to $9,900, by more than $1,000 overnight. The daily trading volume of bitcoin across large cryptocurrency exchanges remain solid, and short-term momentum indicators such as moving average convergence divergence (MACD) demonstrates strong short-term momentum for bitcoin.
Here we go. SPIKE
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