Bitcoin Breaks $200 Billion Market Cap – Details

Bitcoin Breaks $200 Billion Market Cap

Bitcoin has set a new 15-month record high price on June 25th as it continues its giant three-month bull run.

Data from Coin360 shows that bitcoin’s 24-hour gain is topping as much as 6% to take BTC/USD over $11,350.

The last time the pair traded at those levels was in the first week of March 2018, before a protracted bear market set in, which took bitcoin to lows of $3130.

This surge set in on April 1st with bitcoin shaking off negative news and other pressure to completely reverse most of its 2018 losses.

Resistance as $10,000, which analysts said would be a significant hurdle to overcome, disappeared late last week, followed by $11,000 less than 24 hours later.

Bitcoin’s market cap now sits at over $200 billion, a figure not seen since earlier last year. Overall market dominance has now reached 60%.

Online cryptocurrency trader and investor Josh Rager commented on Twitter Monday saying: “(Bitcoin) doesn’t care about altcoin bags,”

“Bitcoin Dominance continues to look bullish and as long as BTC continues to push up, no alt-season at this moment.”

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