The bitcoin price is up from $8,900 to $11,000 in the past seven days against the U.S. dollar (source: coinmarketcap.com)
As the bitcoin price quickly moved from $8,000 to $11,000, major crypto assets in the likes of Ethereum, XRP, Bitcoin Cash, EOS, and Binance Coin recorded fairly large gains against the U.S. dollar.
Little resistance, investors see momentum of crypto sustaining
The bitcoin price has increased by nearly 190 percent year-to-date after dipping to around $3,150 in December 2018.
The momentum of the crypto market has primarily been driven by bitcoin in recent weeks and technical analysts generally foresee the market sustaining its current upward trend if bitcoin moves past the $12,000 mark.