Bitcoin Price Rises Despite Predictions, Crypto Market Adds $5 Billion

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Thu, 10/04/2018 - 09:31
Paul Hackley
Bitcoin price rises above $6,600 as the crypto market adds more than $5 bln to its valuation within the past 6 hours. Other major cryptos also demonstrated upward trends
Cover image via U.Today

Despite many bearish predictions, Bitcoin price rises above $6,600 as the crypto market adds more than $5 bln to its valuation within the past 6 hours.

Other major cryptocurrencies have also demonstrated upward trends in the past couple of hours with Ripple (XRP) recording a 3.5 percent growth. However, it is still uncertain whether the Bitcoin volume will provide enough support for the further increase in price.

Some traders say that unless Bitcoin breaks out of 6,800 resistance level, no major upward movement is expected.

 

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About the author

Paul Hackley is a journalist and essayist, focusing on blockchain and cryptocurrencies, with a strong interest in the future of the technology.

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