Bitcoin Flies Above $8,000 As Bulls Breakout
Bitcoin Friday jumped another 13% and broke above $8,000. It is currently trading at $8,075.70 according to Coinbase. The sharp rally was reportedly fueled by the unwinding of short trades, also known as short liquidation. Also, the total trading volume across all exchanges jumped above $8 billion yesterday, according to CoinMarketCap, suggesting the rally is here to stay.
Here's how other top cryptocurrencies are doing:
Ethereum (ETH) is up 17.02% and is currently trading at $513.06
Ripple (XRP) is up 21.25% and is currently trading at $0.637227
Bitcoin Cash (BCC) is up 11.23% and is currently trading at $759.47
Litecoin (LTC) is up 10.26% and is currently trading at $129.12
EOS (EOS) is up 7.09% and is currently trading at $9.15
Cardano (ADA) is up 16.73% and is currently trading at $0.211456
Stellar (XLM) is up 14.71% and is currently trading at $0.246071
NEO (NEO) is up 13% and is currently trading at $66.16
IOTA (MIOTA) is up 27.59% and is currently trading at $1.41
Monero (XMR) is up 12.17 % and is currently trading at $196.04
