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    Crypto Newsflash: Bitcoin Breaks Above $11,000, Last Hit in March 2018

    • Bitcoin hits a new high at $11,200, last seen in March 2018
    • BTC market capitalization ready to run through $200 billion,
    • On the institutional side, open interest make an all-time high
    • Altcoins surge with Ethereum following BTC the best

    Bitcoin is showing no signs of stopping, none at all.

    The June rally seems to be in full effect since Thursday when we started moving from $9,200. Yesterday was the day when we broke through $10,000, the FOMO level. From there, today we jumped to a new high that is $11,200. However, this new level is hard to pin down as the leading cryptocurrency is not staying at a place for long rather keeps on going higher and higher.

    At the time of writing, Bitcoin has been trading at $11,163 with 24 hours gains of 10.19 percent.

    BTC/USD chart, Source: TradingView

    Meanwhile, the world’s top cryptocurrency by market capitalization of $190 billion is currently managing the daily trading volume of $2.35 billion, per Messari’s Real 10, 24 hours volume and $24.8 billion according to Coinmarketcap.

    BTC dominance is climbing as well reaching 59.4 percent, close to hitting the highest level form last bull run at 62.9 percent.

    The crypto derivatives market is also gearing up towards a new high as we enter a new weekend.

    On the institutional side, things keep on getting better and better as Bitcoin futures total open interest on CME has reached an all-time high with ~ $273mln notional open.

    Ethereum Following Bitcoin the Best

    In tandem with Bitcoin, altcoins are also experiencing greens with Ethereum mirroring BTC the best. With 6.92 percent gains, Ethereum is the top cryptocurrency that is seeing the highest gains at $314.

    The next 25 cryptocurrencies are up in the range of 1 to 5 percent with Dent leading by 25% gains.

    Despite the bullish market, various altcoins are in the red with Solve down 11 percent. Grin, Vechain, Ziliqa, Nano, Steem, ICON, Tezos, Lisk, Waves, Enjin Coin, and BitTorrent are also in the red.

    Source: Coin360

    This has the total market cap climbing to $331 billion that was last recorded in early June 2018.

    With the way Bitcoin is surging and $10k already broken through, it would be interesting to see where this rally will took a breather before going on yet another one.

    Bitcoin (BTC) Live Price

    1 BTC/USD =$6,726.6598 change ~ -4.03%

    Coin Market Cap

    $123.13 Billion

    24 Hour Volume

    $7.58 Billion

    24 Hour VWAP

    $6.8 K

    24 Hour Change

    $-270.8724

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    AnTy
    AnTy
    AnTy has been involved in the crypto space full-time for over a year now. Before his blockchain beginnings, he worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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