Bitcoin Price Rises to $9,200, Cryptocurrency Market Hits $417 Billion
The bitcoin price has risen to $9,200 over the past 24 hours by recording an increase of around $400. It successfully maintained its momentum in the $9,000 region, which investors perceive as an important level that could lead the bitcoin price to enter the $10,000 in the short-term.
Also alternative cryptocurrencies, known as altcoins, a term used to describe cryptocurrencies outside of the major currencies like bitcoin and Ethereum, have continuously outperformed bitcoin and other large cryptocurrencies in the market over the past few weeks.
As at the time of this release, some of the best performing altcoins include ICON (ICX), Ethos (BQX), EOS, and Kyber Network (KNC). All of these ERC20 tokens have recorded more than 10 percent gains against bitcoin which also recorded around 3 percent gain.