Hassan Maishera
TL;DR
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Bitcoin is approaching the $100k mark after setting a new all-time high above $97k.
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The rally has seen Bitcoin’s total market cap approach $2 trillion.
BTC Hits $97k
Bitcoin, the leading cryptocurrency by market cap, has continued its rally, hitting the $97k mark in the last 24 hours. BTC set a new all-time high of $97,862 after rallying by more than 4% in the last 24 hours.
The coin has now retraced and currently trades at $96,997 per coin. If the bullish momentum continues, Bitcoin could target the $100k psychological level in the coming hours or days.
Thanks to this rally, the total Bitcoin market cap now stands at $1.92 trillion. This implies that Bitcoin’s dominance level now stands at 60%.
While Bitcoin is rallying, altcoins are still experiencing mixed performances. Bitcoin Cash (BCH) is the best performer amongst the top 20 cryptocurrencies by market cap, up 17% in the last 24 hours.
Meanwhile, Ether is up less than 1% and now trades at $3,132 per coin. Thanks to Bitcoin’s rally, the total cryptocurrency market cap now stands at $3.18 trillion.
