This Sunday the price of Bitcoin exceeded the 10,000 dollar barrier, the rest of the cryptocurrencies comes up with it.
A positive Sunday for the crypto world, which never rests. Today Bitcoin overcame the psychological barrier of USD $10,000, which for many could determine its progress in the 5 figures.
New York dawned witnessing Bitcoin rise to USD $10,092.63, 2.98% more than yesterday at the same time. The number of operations exceeds USD $35 billion. As we said in the previous paragraph, exceeding the $10,000 figure could lead to greater increases, as these milestones tend to encourage the market. However, sometimes the opposite has happened.
It is worth noting that this is its best price since September 20, 2019.
The big climb began after midnight and still remains. You have to see what happens this day.
Many may be the factors of the increase, including fears with the coronavirus that already affects citizens in 26 countries and has already caused more than 800 deaths in China. Also, the upward dynamics of the market causes prices to rise.
An additional factor may be the rating of the US investment data firm Weiss Ratings that two days ago announced that it evaluated Bitcoin as “excellent.” He rated it with an A for its solid price performance.
On Twitter, the company said:
“The Weiss Crypto Rating for #BTC is now A- (excellent), thanks to improving fundamentals and positive price action ahead of Bitcoin’s next halving.”
This implies something very relevant for Bitcoin, because now it is in first place according to the rating of the company that last year had placed it in third. In 2019, XRP and EOS surpassed it as the currencies that have the best combination of technology and adoption. But this year, on the contrary, these currencies fall in qualification and Bitcoin is exceeded.