Bitcoin hit its highest weekly close since mid-Jan 2018 as it continues to hover around $13,000.

After marking two consecutive yearly highs in the span of a few days, the leading cryptocurrency Bitcoin has calmed but still hovers over $13,000.

After marking two consecutive yearly highs in the span of a few days, Bitcoin has calmed but still hovers over $13,000. Most alternative coins have remained relatively stable, and the market cap is yet to break above $400 billion decisively. Although Bitcoin started the weekend with apparent stagnation, the leading cryptocurrency entered Sunday on a roll. BTC was trading at $13,100 but sharply exploded to a fresh 2020 high of above $13,350. Startup jobs in the crypto sector have also increased. 

 

Bitcoin continues to hover around $13,000. 

At the time of writing, the leading cryptocurrency Bitcoin price is trading at just above the $13,000 mark. Shortly after, though, the cryptocurrency tanked in value, resulting in its intraday low of $12,900. Nevertheless, the bulls intercepted the price drop and drove BTC higher. Shortly after, though, the cryptocurrency tanked in value, resulting in its intraday low of $12,900. Nevertheless, the bulls intercepted the price drop and drove the price of bitcoin higher. This was the highest weekly close of Bitcoin since January 2018. The recent price increases have pushed the cumulative market capitalization of all cryptocurrencies to about $400 billion. 

 

Crypto market cap challenges $400 billion. 

Most alternative altcoins haven’t assisted in surpassing the $400 billion level in the past 24 hours. Ethereum spiked to about $420 a few days ago but has been gradually decreasing since then. ETH now trades just above $403. Despite a minor increase, Ripple is still around $0.253. Bitcoin Cash (-0.9%), Chainlink (-2.7%), and Cardano (-1.7%) have lost value from the top 10. The adoption of the leading cryptocurrency has increased this year amid the ongoing pandemic. African nations were among the top countries where bitcoin trading on peer-to-peer platforms spiked to a whole new level. 

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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