BTC Blasts Over 11k
Bitcoin price rallied to $11,394 and surging volume suggests bulls have plans to press the price even higher.
Listen to article Market Update Within the last hour Bitcoin price pushed through the $11,000 level in a high volume surge which saw the price reach a new 2020 high at $11,394.
At the time of publishing the price has pulled back slightly to the $11,150 range but purchasing volume continues to rise on the 1-hour timeframe.
This suggests that the top-ranked digital asset on CoinMarketCap may have another go at the daily high.
As reported earlier by Cointelegraph, on-chain activity registered a significant spike in exchange inflow as Bitcoin price rallied above $10,000 and Bloomberg analysts now estimate that Bitcoin price will rise above $12,000 this year.
Ether price also surged above its previous high by rallying to $333.52 but at the time of writing the top altcoin has pulled back below $330.Bitcoin daily price chart.
According to CoinMarketCap, the overall cryptocurrency market cap now stands at $326.7 billion. Bitcoin’s dominance index currently at 63.1%.
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