After a terrible week ending with dropping to $5800 yesterday, BTC went on a sudden surge overnight pulling $400 growth to $6200 at the time of this writing.

Bitcoin went as high as $6,302, its highest mark since June 25, though it has since receded back to a present value of $6238 heading into Saturday morning.

There was more than 5% increase in the market cap in the last 24 hours-currently at $106.4 billion. BTC is now on a positive swing and up 1.18 percent over the past seven days.

The total cryptocurrency market cap, meanwhile, has recovered to $249.3 billion after declining as low as $232 billion yesterday.

Looking at the volume, this rally has more chances of succeeding compared to the rally of Sunday. While it could still make a drop to $5600 as analysts have been predicting, if bulls get the volume running before the weekend is over, it will be safe to say that the path to least resistance would be upwards.

 

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Posted from my blog with SteemPress : http://takeprofitapp.xyz/market-today-trading-volume-surge-btc-goes-6300/

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