Bit-comment: Bitcoin grew above 10K, but lagging behind altcoins
February 12, 2020 @ 14:47 UTC
The bulls pushed Bitcoin below $10K for a short period. By Wednesday morning, BTC not only managed to confidently cross the threshold but also continued the growth process, adding more than 5% to $10300 over the last 24 hours. According to CMC, trading volumes also rose to $38bn.
As is often the case, along with bitcoin, altcoins also show sharp growth. Ethereum (ETH) shows a particularly impressive spike (+12% to $246). XRP, Bitcoin Cash (BCH), Litecoin (LTC) show 6%-7% growth.
The Bitcoin Dominance Index continued its decline to 62.8%. Crypto Fear & Greed Index rose by 9 points over the day to 61, to “greed” levels. The RSI is back in the overbought zone. The main challenge for Bitcoin in the next 24 hours is to keep above $10K.
The FxPro Analyst Team