Raging Bitcoin Price Propels Crypto Market to Spike $25 Billion in 2 Days

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 …

By CCN Markets: In the past two days, the valuation of the crypto market has increased from $300 billion to $325 billion, supplemented by the strong upside movement of bitcoin.

The bitcoin price is up from $8,900 to $11,000 in the past seven days against the U.S. dollarThe bitcoin price is up from $8,900 to $11,000 in the past seven days against the U.S. dollar
The bitcoin price is up from $8,900 to $11,000 in the past seven days against the U.S. dollar

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.

Read the full story on CCN.com.

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