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Bitcoin Upswing Leads a Cryptocurrency Rally of $20 Billion in Total Market Cap

Yiran Dai

Summary: After breaking the $8k mark this morning, Bitcoin has retained its bullish trend and now sells at $8,659.09. Bitpush Market Data recorded a vertex of $8,818.57 at 1:47 p.m. (EST).

After breaking the $8k mark this morning, Bitcoin has retained its bullish trend and now sells at $8,659.09. Bitpush Market Data recorded a vertex of $8,818.57 at 1:47 p.m. (EST).

The price surge of BTC has spurred the performance of altcoins as the total cryptocurrency market cap has rocketed by $20 million in 24 hours, reports NewsBTC. The report attributes the Bitcoin rally to positive expectations of the upcoming halving in two weeks. It also warns that unmet anticipation, if happens, may bring down BTC price and further impair altcoins. 

By Yiran Dai

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