Bitcoin soars towards $20,000 with MATIC up 6.5% (Market Watch)

Bitcoin finally started a rally that culminated in a price rally towards $20,000 but was stopped in its tracks as with previous attempts.

MATIC provided the largest price increase from the major companies, while XRP ended up in the red.

BTC with a slight jump

The most significant price move last week came when BTC rejected $19,500 and the bears took it south to $18,600. This was the lowest price in about nine days.

However, the asset reacted well to this drop and bounced back above $19,000, and by the end of the week BTC calmed down again, similar to its predecessor. The lack of significant trading volume meant little or no movement throughout the weekend, with bitcoin hitting $19,000.

The landscape began to change early Monday as BTC pumped to $19,600 for the first time in days. But the scenario repeated itself again—meaning another rejection that pushed him back to just over $19,000.

Its market capitalization reached $370 billion, and its dominance over altcoins remained at 39.9%, just like yesterday.

BTCUSD. Source: TradingView

Matic jumps 6%

Most altcoins also tried to move forward earlier today, but most of them were pushed down again. Ethereum, for example, jumped above $1,350, its highest level in several days. Although ETH has pulled back a bit since then, it is still trading above $1,300 after struggling to regain that level for several days.

Binance Coin, Solana, Tron and Avalanche also posted smaller daily gains. Cardano is up 2.5% and is trading north at $0.35. Some recent reports have indicated that the asset could double its US dollar valuation in the next few months if history repeats itself.

MATIC is the most significant winner out of the bigger alternatives. The asset has jumped more than 6% in one day and is trading near $0.9.

The total market capitalization of cryptocurrencies has been relatively stable, but it has approached $930 billion.

An overview of the cryptocurrency market.  Source: Quantify Crypto
An overview of the cryptocurrency market. Source: Quantify Crypto

Post-Bitcoin value rose towards $20,000 while MATIC jumped 6.5% (Market Watch) debuted on CryptoPotato.

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