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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
Bitcoin44,842 1.36 % 6.16 % 20.46 %
Ethereum1,362.3 1.37 % 8.42 % 29.39 %
Cardano1.250 3.08 % 11.09 % 10.88 %
Tether1.010 0.14 % 0.35 % 0.26 %
Binance Coin212.49 2.13 % 8.09 % 17.44 %
Polkadot31.19 3.15 % 12.29 % 20.77 %
XRP0.4157 1.56 % 6.75 % 19.71 %
Litecoin161.37 2.04 % 9.29 % 29.39 %
Chainlink23.98 2.37 % 9.01 % 29.94 %
Stellar0.3989 1.95 % 12.12 % 19.07 %