Bitcoin Surges Above $11,500 First Time Since September Crash

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Mon, 10/12/2020 - 14:13
Alex Dovbnya
Bitcoin soars to the highest level since early September
Bitcoin Surges Above $11,500 First Time Since September Crash
Cover image via stock.adobe.com

Bitcoin, the top cryptocurrency by market cap, surged to $11,547 at 13:45 UTC on the Bitstamp exchange, reaching its highest level since Sept. 2.   

BTC

Related Ethereum Keeps Chipping Away at Bitcoin’s Dominance as ETH/BTC Hits Highest Level Since Early 2019
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Ethereum Keeps Chipping Away at Bitcoin’s Dominance as ETH/BTC Hits Highest Level Since Early 2019
  
Earlier today, BTC dipped to as low as $11,175, prompting fears of that the bullish momentum was waning. 

The cryptocurrency is now on track to record its second consecutive week in the green. 

The most recent uptick was front-run by an even stronger Ethereum rally. The leading altcoin is now up over three percent, inching closer to the $400 level. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.