Bitcoin Price Surges Above $27,000; Crypto Market Analysis and Top Performers

2023-09-18 12:57:08

The price of bitcoin crossed $27,000 today. The crypto market turned green, LINK produced a price increase of more than 8%. Bitcoin finally crossed $27,000 earlier today, and the other cryptocurrencies can’t complain either. On Monday last week, BTC fell to a two-month low below $25,000, but positive news from another spot ETF application quickly lifted the price. The cryptocurrency found itself and was traded above $26,000. The rest of last week was somewhat more positive, with bitcoin gradually increasing its dollar value. This peaked on Saturday morning when the price advanced to $26,900 for the first time in more than two weeks. During attempts to break this level, as it happened before, the trend reversed and ultimately the cryptocurrency failed to break the $27,000 barrier. BTC dropped a few hundred dollars almost immediately and spent the rest of the weekend hovering around $26,500. Today, however, it managed to cross the magical 27,000 mark, and at the time of writing, the most popular cryptocurrency is trading at $27,360. Bitcoin’s market capitalization is over $532 billion, and its dominance over altcoins is just over 49%. The market for larger-cap altcoins is relatively quiet today. Among the alts, Chainlink did very well, as it recorded a price increase of more than 8% in the last 24 hours. The combined market capitalization of all cryptoassets is over $1.080 trillion.
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