Bitcoin’s price has spiked back

Bitcoin’s price has spiked back above the $10,100 area as several major altcoins see minor gains. Here are your latest cryptocurrency news and prices.

After Bitcoin’s price plunged back below the $10,000 support yesterday, the OG crypto managed to make a slight recovery today and is trading above the $10,100 support again as several altcoin markets enjoy another day of modest gains. Here are your latest cryptocurrency news updates and prices.

Yesterday saw Bitcoin’s (BTC) price stay below the $10,000 support after another round of volatility sent the world’s number one crypto plummeting.
Notably, there was a break above a crucial bearish trend line with resistance near $10,150 on BTC/USD’s hourly chart.

A sharp decline for BTC below the $10,000 support. Furthermore, BTC’s price traded below the $9,800 support. Moreover, a fresh weekly low formed at $9,637 with the price recently starting a strong path to recovery. There was also a break above the $10,000 resistance and a close above the 100 hourly simple moving average.

Bitcoin Cash resilience to defend $300 support has been astounding. The setback faced yesterday when Bitcoin dived yesterday brought to a sudden end a bullish recovery momentum that had stepped above the key $330 level. Bitcoin Cash zoomed to a September high at $333.73 for retracement started to press down on vital support areas.

The data-driven analysis provided by CryptoCompare is an invaluable asset to those monitoring the crypto-sphere. The company’s monthly reviews offer a fresh perspective on the state of the crypto industry and are often indicative of larger trends that might have otherwise gone unnoticed.

Stellar is the only altcoin in a red zone on a day-on-day basis out of top-20. The coin has retreated from the recent high of $0.0936 to trade at $0.0762 at the time of writing, it is still over 12% higher from this time on Wednesday. Stellar now takes the 10th position in the global cryptocurrency market rating with the total market value of $1.5 billion. Stellar’s average daily trading volume stay elevated as compared to long-term average figures. 

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