Bitcoin reaches $11,400 as market cap breaks $200 billion

25 Jun, 2019
by Ryan Boltman
Analysis
Bitcoin reaches $11,400 as market cap breaks $200 billion

Bitcoin managed to break $11,400 today as it continues to push new yearly highs with the total market capitalization for Bitcoin now exceeding $200 billion.

Bitcoin does not seem to want to slow down as it continued to touch new 2019 highs. BTC climbed to $11,432 on Binance before seeing a retrace back to the $11,300 levels. The recent price surge also now means Bitcoin's total market capitalization is back over $200 billion, a number not seen since January 2018. 

BTC/USDT Chart provided by Tradingview

Bitcoin has seen a 35% increase in price in June alone as it pushes higher, with many pundits expecting Bitcoin to break its previous all-time high. 

While Bitcoin is up 4% on the day, it's market dominance is currently sitting at 59.9%, the highest level it has seen since May. The increase in Bitcoin dominance has seen altcoins suffer as Bitcoin continues to climb. 

If Bitcoin dominance continues to climb, alts could be in for more bloodshed as the bull trend continues. 

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Read more about: Bitcoin (BTC)

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