Bitcoin spikes $1k in hours to new 2020 high: only 5% from 2017 all-time high

  • Bitcoin reminded everyone of itself, following a few days of relative stability where altcoins had the chance to catch up, which they did splendidly.
  • Today, however, the cryptocurrency saw massive volatility.
  • Within the same daily candle, BTC reached an intraday low of around $18,000 only to surge hours later and break $19,000.
  • Seconds ago, the primary cryptocurrency tapped $19K, reaching as high as $19,028 on Binance, before retracing to where it currently trades at around $18,900.
BTC/USD. Source: TradingView
  • This happens as altcoins were absolutely booming, causing bitcoin to lose a total of around 6% of its market dominance in the past few days alone.
  • As CryptoPotato reported earlier today, the most powerful performer of the past 24 hours remains Ripple’s XRP that managed to surge over 50% in less than 24 hours.
  • In any case, with Bitcoin closing in on $19,000, the all-time high value that the cryptocurrency reached in December 2017 is around 5% away.
  • With this new yearly high for 2020, it remains interesting to see when BTC will be able to beat its previous record.

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