Bitcoin Surges to $11,400: 2 Factors Influencing This Surge
Bitcoin is surging higher after weeks of consolidation. The cryptocurrency, currently trading for $11,430, is at its highest price since early September. In the past 24 hours, the cryptocurrency is up by approximately 5%, having traded around $10,900 on Thursday. BTC’s strong surge higher is abnormal: just a day ago, the cryptocurrency was strongly underperforming […]
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Bitcoin is surging higher after weeks of consolidation. The cryptocurrency, currently trading for $11,430, is at its highest price since early September. In the past 24 hours, the cryptocurrency is up by approximately 5%, having traded around $10,900 on Thursday.
BTC’s strong surge higher is abnormal: just a day ago, the cryptocurrency was strongly underperforming altcoins.
Analysts on Twitter have commented that this is a sign that Bitcoin may outperform altcoins for a while. One fund manager in the space quipped that the “king is waking up and reminding everyone why it’s king.”
Bitcoin waking up and reminding everyone why it is king
