Bitcoin Returns Above USD 9,000, Altcoins Drop Against BTC 101
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It took a couple of days for bitcoin (BTC) worth to return above the USD 9,000 stage after crashing on the eve of the third mining reward halving.

At pixel time (13:30 UTC), BTC trades at c. USD 9,094 and is up by 4% in a day, nearly erasing all its weekly losses. The value is up by 35% in a month and 10% in 12 months.

For round 15 minutes, BTC was above USD 9,000 on Could 11, or the halving day, too, however since then it struggled to get again above this stage.

BTC worth chart:

Bitcoin Returns Above USD 9,000, Altcoins Drop Against BTC 102
Supply: coinpaprika.com

In the meantime, all main altcoins are up towards USD by 1%-2%, whereas dropping by as much as 3% towards BTC.

The overall market capitalization is up by 3.5%, to nearly USD 252 billion, whereas bitcoin dominance, or the proportion of the entire market capitalization, reached 66.4%.

As reported, crypto market researcher Glassnode stated yesterday that, together with Bitcoin’s robust fundamentals, the truth that Bitcoin hashrate is basically unaffected by the halving suggests “a steady, if not bullish, setting for BTC over the approaching months.”

In the meantime, Antoni Trenchev, Co-founder at Nexobank, sees the preferred cryptocurrency reaching USD 50,000 by the top of the 12 months.


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