Bitcoin Market Valuation Skyrockets above $200 Billion; What’s…

News BTC | Jun 25, 2019 at 4:15 PM
  • The bitcoin market capitalization on Tuesday skyrocketed above $200 billion for the first time since January 2018.
  • Around the same time, the bitcoin price surged above a psychological resistance level of $10,000, followed by another soaring move beyond the $11,400 level.
  • Thomas Lee of Fundstrat noted a strong negative correlation between the bitcoin and the US dollar, stating that the cryptocurrency has benefited the most from the weaker dollar trade.