The trading market today opened the curtain with a beautiful rally for Bitcoin and the entire cryptocurrency market pushing up the value of digital assets in the ecosystem within a twinkle of an eye.
Within 24 hours, Bitcoin has added about $1,000 to its value against the back drop of what was witnessed few hours to halving when Bitcoin fell from around $10,000 to $8,300.
The tremendous surge witnessed today has upped the value of the crypto to above 9,900 USDT, data extracted from Boboo.com confirms.
Image Credit: Boboo.com
A unit of BTC went has high as reaching 9,932.57 USDT adding about 11.05% to its value in 24 hours. However, at press time BTC had already retraced its steps slightly, changing hands at 9,680 USDT with about 8% added value.
Against the US Dollar the highest Bitcoin reached today is $9,800, and it now trades around $9,700 at press time.
Bitcoin hurriedly rallied along the upside trend of the market with a starting value of $8,900 in the last 24 hours. At press time Bitcoin has added about 9% to its value against the USD.
The pullback witnessed few hours to the halving and the inability of Bitcoin to surge back upward hours after the event dashed the hope of many as some traders opined that a massive drop to around $6,000 may be seen soon.