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Bitcoin price tries to reach $10,000 as altcoin starts waking up

Bitcoin took another shot at $10,000 today as its price reached $9,960 on Binance. However, unlike the previous times, altcoins are looking to regain their strength as they managed to chip more than 1% of BTC’s dominance in the past few days.

The price reached $9,960 on Binance before retracing to where it currently trades at around $9,800.

This said, Bitcoin is up about $500 in the past two days as it was trading at around $9,300 on May 16th.

Volatility doesn’t seem to fade in the crypto market as Bitcoin made another attempt to reach the coveted $10,000 mark less than a couple of hours ago.

If BTC is successful in retaking the current resistance around $9,800, the next target would be $9,950 – 10,000. Throughout the past few weeks, while the price of Bitcoin was surging, altcoins failed to realize any notable gains.

As such, BTC’s dominance – the index that measures its strength relative to the overall cryptocurrency market, peaked at around 68.2% on May 15th.

At the time of this writing, the index stands at 67.1%, meaning that in the last three days alone, altcoins managed to chip away more than 1% off Bitcoin’s total capitalization.

Indeed, every single large-cap cryptocurrency from the top 20 is currently trading in the green. In the past 24 hours alone, Ethereum is up 6.5%, Bitcoin Cash – 5%, Cardano – 5.1%, Bitcoin SV – 6.7%, while the rest have realized gains between 2% and 5%.

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Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin55,564 0.41 % 0.64 % 12.60 %
Ethereum2,310.5 0.59 % 7.96 % 0.27 %
Binance Coin588.78 0.91 % 17.09 % 6.45 %
Tether0.9969 0.28 % 0.80 % 0.43 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.250 0.77 % 4.66 % 12.06 %
XRP1.430 1.40 % 10.21 % 20.12 %
Uniswap31.91 1.05 % 6.06 % 10.12 %
Litecoin261.32 1.00 % 3.47 % 1.86 %
Chainlink38.04 1.18 % 5.07 % 6.67 %