Bitcoin has hardly managed to finally cross the $10K level, with an estimated price of $10,234 at the time of writing this article.

Bitcoin started its rise yesterday, coinciding with the rise of gold also, the latter, which set a new record.

Alternative digital currencies are also present, and some of them interacted positively with the rise of Bitcoin, while other currencies declined to increase the dominance of Bitcoin on the total market value of the crypto market.

Bitcoin above $10,000:

After weeks of trading in a range between $9,000 and $9,300, Bitcoin has finally woken up and started its rally as the past few days have been filled with excitement.

Read:After LUNA Coin Drops 20%…Terra Founder Takes Care and Adjusts His Twitter Account

Yesterday, in a few decisive candles, Bitcoin rose to $10,100 on some exchanges, falling back to the $9,800 level.

Then, this morning, the bitcoin price achieved another rise, this time more decisively, as it recorded a rise of $ 10,320 on Binance.

This is Bitcoin’s fourth attempt to reclaim the $10,000 level this year.

However, Bitcoin was unable to sustain its bullish run during the first three times in February, May and early June, and fell almost immediately.

With its weekly price up 12%, Bitcoin is showing signs of detaching from the US stock markets after several months of mimicking its price pattern.

This comes after a week of losses for the leading indices such as the Nasdaq, S&P 500 and Dow Jones Industrial Average (DJI).

Altcoins differ between decline and rise:

The altcoin market has become very volatile once again.

The Elrond coin was the biggest gainer over the past 24 hours, rising nearly 44% to $0.027.

The BNT coin has also risen by 18.62% in the last 24 hours, estimating its price at the time of writing at $1.47.

Read:Bitfinex opens registration for everyone and removes the minimum requirement

The Ethereum currency, after breaking a new record for the year 2020, is still continuing its rise, as its increase in the last 24 hours reached 4.24%, achieving a weekly gain of 38%.

However, not all alternative digital currencies interacted positively, but many of them fell to lower levels, including the Aave coin, which decreased by 16.5%, and the Aave coin also declined. Criticize By 14.5%, VET is also down 8% in the last 24 hours.

Read:Bitcoin is better than all other payment networks according to the CEO of the “Strike” payment company

Gold sets a new record high:

Although Bitcoin may decouple from the stock markets, its performance looks somewhat similar to that of gold.

The value of the precious metal is up 7% in the past week alone.

In addition, gold has already risen as indicated by the expectations of “Goldman Sachs” and “Peter Schiff” and broke its all-time high recorded in 2011 at about $ 1920 an ounce.

Although this rise looks impressive, experts expect a brighter future for the gold price, especially in light of low interest rates and a weak dollar.

Read also:

Bitcoin Ownership Drops Similar to 2017

Binance reveals the five most traded cryptocurrencies in the second quarter of 2020