Crypto Market Cap Gains $7 Billion as Bitcoin Blasts Through $12,000

Crypto Market Cap Gains $7 Billion as Bitcoin Blasts Through $12,000

Gate Trade News Wednesday, October 21, 2020 53 1

Bitcoin marches on to a new 2 month high of $12,300 and targets the 2020 high of $12,500. Although most altcoins are left behind, BTC’s gains helped the total market cap to add $7 billion.

 

Bitcoin has surged past $12,000 in the past several hours and it came just $200 away from marking a fresh 2020 high above $12,500.

 

Interestingly, the alternative coins haven’t followed BTC’s move upwards, and Bitcoin has increased its dominance over the market.

 

The past few days have been quite bullish for the primary cryptocurrency. Ever since Bitcoin dipped to $11,200 on Friday following controversial news from OKEx, BTC has been gradually increasing in value.