Perhaps bored with the still-standing position of Bitcoin (BTC), prompting cryptocurrency investors to focus on altcoins and Defi tokens.
For the record, it has been a few weeks since the price of Bitcoin (BTC) moved in the range of $ 850 ($ 10,000- $ 10,850), and recently the price has fallen again on the highest daily. This makes it difficult for BTC to soar above $ 11,000.
Interestingly at the same time, the altcoin is recovering from the huge losses it has suffered in recent weeks.
Perhaps the CME Bitcoin ‘options’ market is now closed without much impact and the price of Bitcoin entering this October has a chance to jump higher, thus surpassing the $ 11,000 level.
For now, the price of $ 11,000- $ 11,200 has been a difficult benchmark to pass. As a result of this situation, investors are more likely to wait for the price to pass $ 12,000 before opening a new position.
There is no major change in the price of Bitcoin. Instead, the price of digital assets is trying to raise even slowly.
In the event of a breakout with a continuous purchase from the spike, it is not impossible that the BTC price can overcome the resistance of $ 11,000, possibly higher reaching $ 11,400.
While the BTC price saw only a slight surge, altcoin seems to have jumped higher. Polkadot (DOT) rose to 4.99%, OMG Network (OMG) rose 25.18% and Maker (MKR) managed to gain 6.09%.
However, data on CoinMarketCap shows that the market capitalization of the entire cryptocurrency is currently at $ 343.7 billion and the Bitcoin dominance index is now at 57.5% compared to over 60% previously.
