Tuesday is another great day for Bitcoin as the leading cryptocurrency climbed to $11,500. Along with Litecoin, Bitcoin was in the main focus and made a lot of headlines. In contrast, the prices of Ethereum and other top cryptocurrencies have been struggling.
The crypto market cap rose as high as $516.8 billion today but currently it stays somewhere below $508 billion. The increase of $7.2 billion in a single day equated to an appropriate advance of 1.4% compared to the past period.
The Bitcoin price headlined this rally and notched another advance. Now, the leading cryptocurrency is closer to the $12,000 mark which represents major progress. Currently, the flagship cryptocurrency sits at a $193 billion market cap and the recent trend of investing in Bitcoin has made its market share bigger for 38.3%.
The advance of Bitcoin has been notable because it occurred during the Chinese New Year where a lot of people gave presents in the form of cryptocurrencies and were spending more than usually.
The bulls have also secured their positions and strengthened their investments. There are many people who have invested in Bitcoin (even in 2017) and many famous investors right now. While most of the altcoins remain static (despite Litecoin) and some sink for a couple percent, Bitcoin proves that it is the leader in the race.
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