Tanya Abrosimova
Independent Analyst
- BTC/USD knocks on the critical $13,000.
- The growth will resume after a short period of consolidation.
The first digital currency came close to $13,000 handle and hit the highest level since January 2018 amid strongly bullish sentiments that swept the market. At the time of writing, BTC/USD is changing hands at $$12,650, off the intraday high touched at $12,940. The market capitalization of the coin hit $228 billion, while the dominance index spiked to 62.2%.
A bullish momentum has been supported series of positive fundamental factors including deliverable Bitcoin futures approval by CFTC. However, many experts believe, Tether pump is partially responsible for Bitcoin’s unstoppable growth.
Meanwhile, major altcoins are a mixed picture. Ethereum has gained 6% in recent 24 hours, while XRP has grown by 2%.
Meanwhile, the head of Circlye Jeremy Allaire is sure that the so called crypto winter is over. The market bottomed out in the end of 2018, which is confirmed by users activity, he added in the interview with CNBC.
BTC/USD, 1-hour chart
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