On Wednesday, July 10, the price of the first cryptocurrency rose on a number of exchanges above the psychological mark of $ 13,000. At the same time, the leading altcoins are in the red zone.

As can be seen in the CoinMarketCap chart presented below, over the past 24 hours, the price of bitcoin increased by 5.70%, capitalization rose above $ 232 billion, which is more than 65% of the total market – a record figure since December 2017. Thus, on the Bitstamp exchange, the “digital gold” exchange rate rose to $ 13,154.

At the same time, the main cryptocurrencies against the background of the growth of BTC fell in price.

Recall that above $ 10,000 and almost immediately above $ 11,000 Bitcoin rose on June 22 and traded above this mark until July 2. Moreover, on June 26, the first cryptocurrency managed to rise to a 17-month high at around $ 13,880, although later there was a short-term decline below $ 10,000.

On the eve, Bitcoin was trading at $ 12,350, and as CoinDesk analyst Omkar Godboul suggested at the time, the resistance breakdown at $ 12,061, which left behind a bearish pattern of falling highs, significantly approximated the key level of $ 13,880.

He believes that the dominance of Bitcoin in the market suggests that most investors prefer to buy the first cryptocurrency for long-term, and not for speculative purposes, including for the subsequent acquisition of relatively inexpensive altcoins.

Recall, According to the Bletchley 40 index, since April 1, low-capitalized Altcoins have sunk by 54% relative to BTC. Other categories of alternative cryptocurrencies demonstrated similar dynamics.

Follow BlockchainJournal on Twitter !