20 September, 2019
The world's most popular cryptocurrency Bitcoin (BTC) has risen in price. According to the trading data of the Coinmarketcap.com portal released on September 20, the Bitcoin exchange rate is above the $10,000 mark.
The main cryptocurrency is trading at 10,200 BTC/USD, with a daily change of 3%.
The Bitcoin exchange rate in sideways has become the standard model of price movement in recent months: long periods of sideways movement are replaced by a sudden drop, followed by a return to previous price levels. Analysts and traders try to explain why BTC/USD gain and lose hundreds of dollars in a few minutes at irregular intervals.
One theory: the growing popularity of margin trading, a popular tool offered by large exchanges. The capitalization of the cryptocurrency market continues to grow, and the Bitcoin dominance index decreases. At the moment, it is 67.7%.
Other cryptocurrencies are traded in the "green zone". The price of Ethereum has increased by 6.36% and is at around $218. XRP climbed 0.57% and is trading at $0.29.