In the last hour The price of Bitcoin (BTC) rose sharply to $ 10,380 after trading in a symmetrical triangle pattern last month. Moving above the crucial $ 10,000 mark It happened when the President of the United States, Donald Trump, mobilized local police and the National Guard to disperse the masses of demonstrators on the White House premises.
After a brief withdrawal to $ 10,100, the bulls stepped in to create new buying pressure. At the time of writing CoinMarketCap’s premium cryptocurrency broke the long-term downtrend line ($ 10,250). It has been in effect since Bitcoin hit a record high of $ 19,800 in 2018.
Weekly price chart for the crypto market. Source: Coin360
Altcoins also recovered as Bitcoin dropped back to $ 10,000 and many tokens in the top 20 rose from 3% to 5%.
Ether (ETH), the largest old coin, rose 6.64% to $ 250.68. Stellar Lumens (XLM) recovered 6.81% and NEO 11.75%.
The total capitalization of the cryptocurrency market is more than $ 284.2 billion at the time of publication and Bitcoin’s share continues to grow by 65.9%.