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Bitcoin (BTC) Above $11,000 on Weekend, Will Price Survive?

Published 06/24/2019, 04:13 AM
Updated 06/24/2019, 05:21 AM
© Reuters.   Bitcoin (BTC) Above $11,000 on Weekend, Will Price Survive?
BTC/USD
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Bitcoin (BTC) gave more signs it may be out of the woods, preparing for an even larger rally. The coin waited just below the $10,000 mark, and late on Sunday, the predictions for five-digit prices were fulfilled, with BTC having one of those $1,000 days.

BTC reached a peak on Sunday at $11,246, as trading volumes picked up and reached $29 billion’s equivalent per day over the weekend. Later, the activity subsided a bit, and BTC traded at $10.681.38 as of 5:30 UTC on Monday.

The big difference for BTC is that this time, the rally is spread around exchanges. The first time BTC prices inched up from the $6,000 range, this was triggered by activity on fiat-based markets: Kraken, Bitfinex, Coinbase, and Bitstamp. Now, the trading activity has moved over to Binance...

This article appeared first on Cryptovest

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