Increasing further 130 USD / BTC, Bitcoin is expected to soon conquer the 11,000 USD milestone
Up to the morning of October 6, the virtual currency market had 54/100 stocks gained, the remaining 46 other virtual currencies declined. Market cap coin Bitcoin is up 1.22%, and is listed at $ 10,796 / BTC.
Bitcoin price continues to show good momentum. Over the past 24 hours, Bitcoin was trading as low as $ 10,630 and highest at $ 10,798. Currently, the Bitcoin price has reached 10,796 USD and has absolutely the basis to conquer the 10,800 USD mark in today's trading session.
But to confirm that Bitcoin's price really breaks, it will have to conquer the $ 11,200 resistance.
During the difficult economic times, affected by unpredictable effects, the correlation between Bitcoin price and the stock market increases. Hence, in the short term, the price of Bitcoin will be greatly influenced by the stock market.
That means, like securities investors, Bitcoin investors are also falling into information "turbulence" on the eve of the US Presidential election on November 3.
In addition, the information about the package to support the US economy is also being closely watched by investors. The House of Representatives has approved the 2.2 trillion dollar aid package, but the White House only agreed to the $ 1.6 trillion bailout. Facing the difficult economic situation, the Fed also called for a package of support from the government.
But at the present time, President Trump's health information is most concerned by the people and investors. Mr. Trump is showing very good signs of recovery. According to the latest update, Mr. Trump left the Walter Reed National Military Medical Center after 4 days of treatment to return to the White House to continue treatment.
All you need to look for today: биткоин на приват
Along with Bitcoin's rally, the top 7 out of 10 cryptocurrencies today all went up. Specifically: Ethereum increased 0.61% to reach 354.84 USD; XPR increased 1.38% to $ 0.2513; Bitcoin Cash rose 0.51% to $ 222.59; Polkadot increased 0.29% to 4.17 USD; Chainlink increased 2.5% to 9.63 USD; Crypto.com Coin is up 0.93% to reach $ 0.1500.
Today's Top 10 has 3/10 virtual currencies reduced, in which: Tether dropped 0.04% to 1.00 USD; Binance Coin dropped 0.99% to $ 28.64; Litecoin is down 1.13% to $ 46.35.
The coin that gained the most was Chainlink with 2.5%. The biggest loser was Litecoin with 1.13%.
Today's ranking of top 10 cryptocurrencies by capitalization has changed. This time is the return of Crypto.com Coin at No. 9 and the departure of Cardano. The repeated disturbance of these two cryptocurrencies has been occurring over the past few days, indicating the instability of both cryptocurrencies.
Ethereum has updated to the second latest testnet version called Zinken and will launch on October 12. This is the most recent testnet released, promising to help solve the limitations of Ethereum's network.
Ethereum continues to make steady strides. At current rates, Ethereum is up 0.61%, trading at $ 354.84. According to technical analysts, the trend of Ethereum will still grow well, but in the short term it is possible ETH will have to undergo a correction before rising again.
The growth of Bitcoin has led to the recovery of altcoin movements, including Chainlink. At the moment, Link is trading at $ 9.63, very close to the $ 10 mark and with a growth trend like this, it can be up to 11 USD. The price of $ 11 will be a milestone in determining Chainlink's long-term growth momentum.
The total value of the virtual currency market is about 344 billion USD, up 2 billion USD from October 5.
