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Bitcoin Price Reaches $8,900 – ihodl.com


Bitcoin has started the day with gains. At press time, the largest cryptocurrency by market cap is trading at $8,887.90 (+2.35%).

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum has grown to $169.52 (+4.93%), while XRP has jumped by 2.99% and is now trading at $0.233.

According to CoinMarketCap’s ranking, 9 currencies on the top 10 are in green.

FxPro’s team of analysts say:

“Over the last 24 hours, Bitcoin has posted a 2% increase and reached $8,900. The reference cryptocurrency has managed to grow again after losing momentum in the recent days. The next barrier is the $9,000 and the $9,500 reached at the end of October.

The Bitcoin dominance index has fallen below 65.9%, which means that investors have regained interest in altcoins. It must be noted that the market usually reaches higher levels when the dominance index falls. The greed and fear index is at the “neutral” level, which could reflect the market is getting ready for a continued growth.”

As for the market cap of all currencies listed in CoinMarketCap, it stays at $244,448,804,463.

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