Bitcoin price hits 10-day high, Dogecoin up 10%
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Answer Bitcoin price hits 10-day high, Dogecoin up 10%
Bitcoin continues its extended rally in the last 24 hours.
The price of Bitcoin reached its highest level in ten days, which is close to $22,000.
Most altcoins have bounced slightly in the same time frame, with the exception of Dogecoin, which is up over 9%.
Bitcoin attempt to breach the $22,000 level:
After the bitcoin price bottomed at $17,500 last Sunday, its lowest in 18 months, the major cryptocurrency started to recover on Monday and quickly regained the $20,000 level.
Bitcoin price fell several times in the next two days but remained above the $20,000 level for longer periods.
The bulls even tried to push it higher, but bitcoin stopped at $21,500 in the middle of the week.
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After staying basically calm over the weekend, Bitcoin entered a new struggle with the $22,000 level and reached $21,900 (on the Bitstamp trading platform) this became the highest price line Bitcoin has seen since June 16.
But Bitcoin was unable to rise further and crossed the $22,000 level, rebounding back to the $21,400 level it is still at at the time of writing this article.
DOGE coin shine:
Similar to Bitcoin, most altcoins remained relatively quiet over the weekend.
The beginning of this week brought some good news for Ethereum as the currency managed to break the longest negative line of 11 consecutive weekly candles in the red.
This happened after Ethereum recovered over $300 in the past seven days and jumped above $1,200.
In contrast, Tron jumped about 6% and approached $0.07.
Dogecoin stole the spotlight from altcoins and rose by 10%.
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As a result, DOGE price is now near $0.08.
The cryptocurrency market cap has also remained quiet on a daily scale and currently stands at just over $960 billion.
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