Here’s how Bitcoin’s rally past $11,000 has altered its fundamental strength
BTC $11,105 (-1.2%) • ETH $336 (+4.4%) • XRP $0.246 (+0.3%)
|CryptoSlate||Jul 30|| 3|
Bitcoin’s intense rally past $11,000 this week came about as a surprise to many investors, as the crypto was previously facing historically low volatility as traders shifted their focus to altcoins.
The sharp movement that led the benchmark digital asset up to these highs has altered its fundamental strength for the better, with BTC now having greater network health, liquidity, and positive investor sentiment.
All these factors – coupled with technical strength – could help to lift it higher in the days and weeks ahead as it continues building momentum.
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Litecoin is currently caught within a slight uptrend that has allowed it to post some large gains throughout the past few days.
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