Bitcoin price is growing today. At press time, the largest cryptocurrency by market cap is trading at $7,401.23 (+0.68%).
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has jumped to $147.9 (+0.87%), while XRP has climbed 2.31% and is currently trading at $0.22.
According to CoinMarketCap’s ranking, 6 currencies on the top 10 are in green.
Bloomberg analyst Mike McGlone thinks bitcoin adoption may boost the crypto's growth not only in 2020, but also over the next decade:
"This year has been part of the transition process to make bitcoin the crypto market version of gold. Like gold, bitcoin is recovering from a bearish period, while most altcoins are likely to fall. As far as bitcoin is concerned, the $6,500 level could be considered as a good support, while $10,000 will be the main resistance level during 2020. The cryptocurrency could overcome this resistance at any time, especially if gold continues to grow as expected."
The BTC dominance index has fallen from yesterday’s 67% to 66.9%.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $200,281,536,246.
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