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Bitcoin value spikes, bringing bullish gains to the market

Bitcoin price has finally managed to break through the $10 000 mark after a week of struggling to gain after dipping.

Written by Becky Leighton Published on

After several days of tight trading around $9500, Bitcoin has finally broken out through, passing $10,000 to see a price tag of $10,500. Looking at the chart from Coin360, the market is mixed with leading tokens like Bitcoin and Ethereum in the green and Ripple showing red.

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Bitcoin price right now

Last week Bitcoin took a slash in the price, dipping from $10,000 to see $9,400. The rest of the week, the token has struggled to recover, gaining incrementally and falling. Over the past two days, Bitcoin price has managed to break through to touch the $10,000 mark again. Over the past 24 hours, the cryptocurrency has risen by 5.89% to spike Bitcoin price to $10559.

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Bitcoin price

Ethereum price

As often happens, Bitcoin price has influenced the movements and trend of Ethereum. Over the past week, Ethereum has fallen from a trading value of $221 to $206. Through the seven days, Ethereum price has ranged between $205 and $213 with a battle uphill to reach over $220 again. In the past day, Ethereum has managed to gain 3.80% in daily trading and has broken through to see a $221.88 mark.

ethereum price

 

Bitcoin volumes consistent

While Bitcoin price might be showing volatility, albeit nothing major at the moment, the trading volume of the token has been stable. Looking at a visual chart from DataLight, it’s clear that Bitcoin has consistently been increasing over the past five years of trading.

Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton

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