Ether (ETH) price also surged higher as Bitcoin price surged to $10,315. At the time of publishing, Ether trades at $329 after rallying 5%.
As mentioned in an earlier analysis, above $317 traders will have set their sights on the June 26 high at $367, but given that the altcoin has rallied 40% since July 21 there is also a possibility that traders booking profits will lead Ether price to correct.
Ether daily price chart. Source: Coin360
As the Bitcoin price moved higher a number of the top-20 altcoins saw marginal gains. Crypto.com Coin (CRO) rallied 5.61%, Monero (XMR) added 3.53%, and Bitcoin SV (BSV) gained 2.18%.
According to CoinMarketCap, the overall cryptocurrency market cap now stands at $306.6 billion. Bitcoin’s dominance index currently at 61.4%.