3 reasons Bitcoin price just hit $11,000 despite altcoin stagnance
Cointelegraph
Published Sep 16, 2020 12:42PM ET
Updated Sep 16, 2020 02:20PM ET
Within the last hour, the price of Bitcoin (BTC) surpassed $11,000 across major exchanges, including Coinbase and Binance. This comes after nearly two weeks of low volatility as the cryptocurrency market remained stagnant and Bitcoin price was pinned below multiple resistance levels.
Unlike the previous rallies which saw Ether (ETH) lead the Bitcoin upsurge, only BTC has moved higher whereas other major cryptocurrencies are still in the red. Decentralized finance (DeFi) tokens, which outperformed BTC throughout August, have been underperforming in the past several days.
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Written By: Cointelegraph
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