Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$93,524.00
0.62%$1,797.82
0.33%$2.22
0.24%$606.14
-1.38%$150.37
1.37%$0.999959
0.01%$0.177042
-2.29%$0.695069
1.38%$0.245649
-0.72%$1,796.95
0.29%$93,463.00
0.50%$3.04
10.56%$14.93
4.40%$22.26
-0.64%$9.14
0.70%$0.265835
-0.13%$3.17
1.42%$0.00001348
-1.42%$2,156.43
0.33%$0.179775
-0.24%$0.999971
0.02%$363.83
1.93%$83.98
-0.50%$18.60
-1.61%$4.08
1.04%$4.51
-2.72%$0.999143
-0.11%$1,796.65
0.28%$0.999722
0.00%$0.659967
2.04%$230.10
1.35%$28.65
0.90%$1,914.91
0.37%$93,568.00
0.75%$0.00000876
-3.35%$5.99
1.18%$5.38
1.87%$51.73
-1.15%$2.46
1.37%$340.36
1.67%$23.43
-2.06%$0.906652
-1.32%$5.17
0.29%$13.05
41.38%$32.33
-1.25%$169.59
5.17%$16.68
-0.83%$1.00
0.00%$1.049
0.08%$0.090685
-0.24%$0.095767
-1.91%$0.701872
0.11%$4.42
-2.03%$0.02602575
1.07%$1.17
0.02%$4.41
1.31%$93,240.00
0.79%$0.219592
0.34%$0.337256
0.96%$0.213823
1.04%$2.77
1.36%$4.23
0.02%$2.80
-0.04%$0.630316
-0.72%$0.513997
-1.17%$0.33925
3.68%$0.997247
-0.43%$4.12
0.73%$93,256.00
0.62%$10.42
1.60%$0.772792
3.02%$0.447231
1.79%$1,504.81
1.66%$157.47
0.91%$0.075521
-0.97%$0.767773
-5.46%$0.882807
3.20%$0.00001457
-4.83%$1.10
-5.53%$1.094
-0.11%$1,796.11
0.22%$0.597527
-3.99%$72.82
4.02%$0.01670043
0.55%$1,870.93
0.26%$0.669452
0.15%$3.77
3.78%$0.193234
1.39%$9.50
0.91%$1.001
-0.08%$605.79
-1.45%$0.663347
-4.25%$0.999868
0.00%$0.09057
0.36%$2,025.06
0.56%$0.999062
-0.06%$3,365.04
-0.79%$1.00
0.01%$0.01659445
6.80%$92,017.00
0.49%$3,365.90
-0.85%$13.86
-10.52%$165.84
1.37%$193.50
1.48%$0.01701119
0.29%$93,502.00
0.49%$2.55
-3.73%$0.819827
2.04%$0.296893
0.74%$0.193301
2.59%$1,911.60
0.26%$0.02098091
13.09%$0.688156
-0.12%$0.117181
0.45%$0.997905
0.04%$0.00006959
1.87%$0.669838
0.02%$3.60
-5.51%$0.512743
0.72%$0.00000064
1.07%$94,201.00
0.66%$1.00
0.08%$2.00
-2.29%$0.393326
0.31%$30.81
0.07%$1.098
-0.03%$0.240045
-0.39%$0.311891
1.67%$1,879.16
0.30%$17.20
2.36%$0.546924
1.51%$1.78
-4.43%$0.152663
0.65%$33.50
2.68%$0.054177
19.77%$0.00581707
-6.82%$0.531991
-1.14%$3.22
-8.55%$0.53115
-2.37%$0.998234
-0.06%$0.641901
0.24%$90,766.00
0.62%$0.00855411
-4.10%$94,807.00
-0.24%$0.445755
0.98%$0.067198
0.08%$0.515476
-5.37%$93,415.00
0.50%$0.999985
0.01%$0.716228
-1.34%$1.69
-1.35%$1.31
-0.10%$2.17
7.64%$0.17659
-2.33%$1,860.08
3.25%$0.999985
-0.00%$0.152112
4.45%$6.15
3.70%$0.00002183
-0.48%$15.37
0.25%$93,234.00
0.58%$110.80
0.01%$1,795.59
1.38%$6.48
3.32%$0.52268
10.88%$0.00000042
-1.37%$0.166365
-19.87%$0.518536
4.09%$0.00651499
-4.03%$1.084
0.03%$0.998982
-0.75%$2.52
0.24%$0.078435
2.08%$0.04129251
1.94%$3.59
-3.23%$1,799.10
0.21%$1,797.69
0.53%$1,914.43
0.68%$43.11
-0.10%$0.219526
-0.74%$0.325313
-2.71%$1.00
0.03%$0.081015
-2.60%$1,798.17
0.27%$0.183184
4.32%$0.00694088
-2.19%$0.999369
-0.01%$21.74
-0.36%$0.00006447
1.52%$1.001
0.18%$0.558703
-3.00%$0.829854
-0.99%$0.00408894
0.41%$0.0173235
0.19%$0.335814
-5.08%$1,837.95
0.63%$0.999157
-0.05%$0.999833
0.01%$0.00000156
4.90%$0.03175194
-0.01%$0.119312
-4.12%$0.694501
11.40%$0.32965
1.87%$2.73
0.59%$93,495.00
0.63%$0.00434925
28.93%$1.20
3.64%$27.02
3.88%$1.00
0.01%$113.48
-0.77%$0.649908
0.48%$0.238703
1.04%$0.694977
3.21%$1,778.40
0.44%$3.56
-2.31%$93,329.00
0.83%$0.137931
-1.90%$0.282525
3.88%$0.99931
0.03%$2.89
3.29%$22.29
-0.29%$3,188.12
0.03%$1.12
9.36%$0.266592
-6.61%$1,900.08
0.42%$0.189048
0.82%$1,799.85
0.36%$0.03755983
1.97%$0.513868
0.52%$0.111271
-1.27%$0.255271
11.43%$15.42
4.28%$1,878.34
0.64%$0.01263267
-0.23%$0.02953747
1.33%$22.26
-0.69%$0.439234
-0.53%$0.731778
1.98%$0.94862
1.54%$1.00
0.02%$1,969.93
0.39%$18.64
-1.24%$2.25
1.41%$0.00266903
-4.93%$1,952.74
0.24%$0.999934
0.01%$93,627.00
0.71%$0.00
1.59%Reading
Bitcoin, the largest cryptocurrency by market capitalization, today surpassed $10,000. It hit highs of $10,023 at 10.10am UTC.
The price of Bitcoin fell after its peak; by 11am, it had fallen to $9,927. Then one last hurrah to $9,985 before settling at its current price, $9,954.
That Bitcoin has brushed past $10,000, if only for a few minutes, is proof that its dry spell is ending. Bitcoin’s price has barely changed for almost two months and only now is its fate beginning to change.
The last time Bitcoin’s price surpassed $10,000 was June 2. Then, the price of Bitcoin hit highs of $10,200, according to data from metrics site CoinMarketCap. But it wasn’t to last and Bitcoin hovered around $9,200 for the rest of June and all of July—until now.
The price point of $10,000 is important for Bitcoin because that was roughly the price of Bitcoin before the coronavirus-inspired market crash earlier this year, which virtually cut the price of Bitcoin in two in as many days. Bitcoin has been recovering from the crash ever since, and surpassing $10,000 would mean that it’s made a full recovery.
One can only speculate why Bitcoin has increased. It might be because there’s a lot of interest in DeFi, or decentralized finance, right now. DeFi refers to non-custodial financial products, most of which live on Ethereum. Ethereum today hit a peak of $316, its highest price since July 2019.
Before today’s price rise, lots of Bitcoin made its way to exchanges, according to a recent report by Glassnode. For the first time since January, more Bitcoin entered exchanges this month than left it.
Another thing that supports this theory: Bitcoin is losing dominance to altcoins. According to CoinMarketCap, Bitcoin’s dominance over the cryptocurrency market is only 62%, the lowest it’s been since last July.
“Therefore, it makes sense [that] the net flows of bitcoin to exchanges start to pump again, as most investors and traders use exchanges to switch from BTC into [altcoins],” Pedro Febrero, a market analyst at Quantum Economics, told Decrypt.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
The price of Bitcoin added to yesterday’s gains, despite dipping earlier Wednesday after the Trump Administration's latest zigzag on trade. The leading cryptocurrency was recently trading hands around $93,400, up 2.2% over the past 24 hours, according to crypto data provider CoinGecko. It had fallen near $92,000 earlier in the day. Ethereum and Solana rose 5.3% to $1,780 and 4% to $150, respectively. U.S. Treasury Secretary Scott Bessent said that U.S. President Donald Trump hasn’t made a one-...
President Trump's official Solana meme coin, TRUMP, skyrocketed in value Wednesday after the project offered an exclusive dinner as a reward for top token holders. TRUMP is up nearly 66% on the day, according to data from CoinGecko, rising from $9.30 to the current mark of $14.72 in less than an hour. It's the highest price seen for Trump's meme coin since early March. News of the announcement created a stir among crypto traders, pushing the token’s trading volume to more than $295 million in th...
Bitcoin isn’t the only cryptocurrency shining bright since the U.S. President Donald Trump slapped “reciprocal” tariffs on nearly every nation this month. Since Trump's Liberation Day on April 2, Solana and Bitcoin have outperformed other major cryptocurrencies, rising 14.5% to $145 and 7% to about $91,100, respectively, according to crypto data provider CoinGecko. Ethereum (-10%), XRP (-12%), and Dogecoin (-1%) have fallen. Solana and Bitcoin have buoyed the broader crypto sector, with the glo...