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.
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.
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.
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.
In this visualization, we vividly demonstrate what the TOP-10 cryptocurrencies by Trading Volumes look like over the past 5 years, starting from July 20, 2014.
— DataLight (@DataLightMe) August 1, 2019