Bitcoin's price is above $ 12,000. Altcoins far behind

By
Tokeneo
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2 min reading

The current BTC exchange rate is around USD 12,251. This cryptocurrency unexpectedly surpassed the level long awaited by everyone. Currently, it is 4.5% positive in the 24-hour range.

Bitcoin coin https://www.freepikcompany.com/legal

The most important information:


  1. The current price of Bitcoin is around $ 12,251. During today's session, BTC started its climb unexpectedly
  2. BTC's commercial dominance over altcoins has reached its highest level in the last 3 years - the same was true when Bitcoin was moving towards USD 20,000 per coin
  3. There is a great greed on the market of the oldest cryptocurrency

The current situation on the BTC market

Yesterday's Bitcoin session opened at $ 11,745.97, while the close was at $ 11,916.34. This in turn resulted in an increase of $ 170.36 - or 1.45%.

Currently, the oldest cryptocurrency trades above $ 12,000 per coin. In the daily range, it is 4.5% up with the price of USD 12,251.

Investor greed has increased significantly since yesterday - as evidenced by the data from the anxiety and greed index in the market.


chciwość na btcAn indicator of anxiety and greed. Source: alternative.me

Bitcoin crushes altcoins

As it turns out, BTC's commercial dominance over other cryptocurrencies has reached its highest level since 2017. A similar situation was seen when Bitcoin was targeting $ 20,000 per coin. As for altcoins, they remained stagnant - they did not record similar strong movements.

Looking at the entire cryptocurrency market, we can see that the most popular cryptocurrencies this time do not follow Bitcoin. While this was close to a 5% plus in the daily range, the top altcoins either experienced a slight increase (no more than 1-2%) or recorded a decrease (even by over 3%). The only exception is Wrapped Bitcoin (WBTC), which went up by 4.73%.

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