3 reasons Bitcoin price just hit $11,000 despite altcoin stagnance

Within the last hour, the price of Bitcoin (BTC) surpassed $11,000 across major exchanges, including Coinbase and Binance. This comes after nearly two weeks of low volatility as the cryptocurrency market remained stagnant and Bitcoin price was pinned below multiple resistance levels.

BTC/USD daily chart. Source: TradingView.com

Unlike the previous rallies which saw Ether (ETH) lead the Bitcoin upsurge, only BTC has moved higher whereas other major cryptocurrencies are still in the red….


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