Bitcoin and Ether Market Update: February 13, 2020 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Total crypto market cap added $22.7 billion to its value since Monday morning and now stands at $306.3 billion. Top ten coins mostly in green for the last 24 hours with ether (ETH) and XRP leading the pack with 13.2 and 10 percent of gains respectively. At the time of writing bitcoin (BTC) is trading at $10,437 on the Bitstamp daily chart, while ether (ETH) climbed up to $271 and Ripple’s XRP moved up to $0.328.
Bitcoin continued to rise and reached $9,900 on Saturday, February 8. It finally broke the psychological level of $10,000 on Sunday closing the seven-day period at $10,177, with 9.3 percent of increase.
On Monday, February 10, the most popular cryptocurrency started the new trading period by falling down to $9,843. The 3.2 percent correction was seen by the majority of the analysts as a healthy retrace in an already overheated bull run. A proper consolidation was required for BTC and it found it in the middle of the uptrend channel.
The second day of the workweek brought the green back to the chart as the BTC/USD pair regained its positions and stopped at $10,249. The next obvious target for buyers was the $10,900 – $11,000 zone, but not before confirming its presence in the mid-$10k area.