Bitcoin (BTC) the largest and most popular digital currency in the market, continues expanding in the crypto market after two days of pause for the digital asset. Bitcoin surged over 13% during the first three days of September and remained stable at around $10,600 until today morning. Now, Bitcoin is getting closer to $11,000.
Could Bitcoin Surpass $11,000?
Bitcoin seems to have resumed its move upwards after two days in which the digital currency remained stable. Now, the virtual currency could surge above $11,000 after surpassing $10,900 in some exchanges. In the last 24 hours, the virtual currency grew around 4% from $10,500 to $10,930.
Surprisingly, many altcoins have followed Bitcoin very closely. This is something that differs from the previous days in which Bitcoin was growing faster than altcoins. Although it is the third fastest-growing coin among the top 10, most of the virtual currencies are registering fains of over 2%.
Ethereum (ETH), the second-largest digital asset in the market registered a price increase of 2.51%. XRP grew 0.51%, Bitcoin Cash (BCH) 2.45%, Litecoin (LTC) 2.53%, Binance Coin (BNB) 5.5%, EOS 1.52%, Bitcoin SV (BSV) 2.04% and Monero (XMR) 4.09%.
If Bitcoin surpasses $10,950 it will reach its highest price in almost four weeks. This is very bullish for the digital currency that could eventually break out from $11,000, and continue the bull trend that started several months ago.
Although Bitcoin’s dominance remains at the highest point since the beginning of 2017, altcoins seem to be behaving in a much more bullish way than during the last few weeks. It will be very important to follow how they are going to perform in the coming days.
Since June, several altcoins have been losing their dominance against Bitcoin. When Bitcoin fell, altcoins fell even lower and when Bitcoin expanded, altcoins were growing slower than the largest digital currency. There are several enthusiasts that are wondering whether there is going to be a new altcoin season or not in the near future.
A few hours ago, we wrote about how Bitcoin could reach new all-time highs according to the crypto trader Josh Rager. Furthermore, John Bollinger, the inventor of the Bollinger Bands indicator said that Bitcoin is coming into an important juncture and the same is happening with other altcoins.