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Bitcoin (BTC) Gains $47 Billion Market Cap as it Rallies Above $22k, Dominance Drops
Bitcoin (BTC) the world’s biggest cryptocurrency, has been rallying since dropping as low as $18,644 on September 7. BTC has now gained more than 20% since its new 60-day low to spike above $22k.
The 7 days price chart for Bitcoin (BTC). Source: CoinMarketCap
Over the last 24 hours, Bitcoin has now gained 3.35% to reach an inter-day trading high of $22,355. Bitcoin’s recent rally has seen its market cap rise by more than $47 billion since September 7.
The 24 hours price chart for Bitcoin (BTC). Source: CoinMarketCap
The Bitcoin rally, which is the most since July, is fueled by the weakening of the U.S. Dollar. The sudden rise has also seen over 40,000 investors lose $177 million (85 million in the last 24 hours) for betting against BTC’s...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...