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Bitcoin Hits 15-Month High as Naysayers Double Down on 'Dead Cat Bounce'



Bitcoin (BTC) was holding steady around $ 10,850 on June 24 after a fresh surge took over $ 11,000 for the first time in over a year.

 Market visualization "src =" https://s3.cointelegraph.com /storage/uploads/view/cbc34f3fee5df1e210bea7d3c1d6d277.png "Market visualization" /> </p>
<p dir= Market visualization courtesy of Coin360

Data from Coin360 showed a slight correction kicking in for bitcoin on Monday, March 30, 2010 weekend.

BTC / USD had climbed as high as $ 11,230 in recent days, marking its best performance since early March 201

8.

The action did not go unnoticed, with mainstream media titles appearing to struggle with the return of a cryptocurrency

Many do not get it bounce this year, "Whitney Tilson, Founder of Empire Financial Research and a former hedge fund manager quoted by Bloomberg.

" Mark my words: A year from now, it will be a lot lower , This is a techno-libertarian pump-and-dump scheme that will end in ruin. "

Bitcoin's weekly gains are currently just over 17%.

 Bitcoin 7-day price chart "src =" https://s3.cointelegraph.com/storage/uploads/view/6bf3b330861ed650220967707eb95a7a.png "title =" Bitcoin 7-day price chart "/> </p>
<p dir= Bitcoin 7-day price chart. Source: Coin360 [19659004] Altcoins fared slightly worse than BTC / USD corrected, with many in the top twenty by market cap shedding 2-3% in the 24 hours to press time.

Ethereum (ETH) fell 3% to hit $ 306, while Ripple (XRP) what trading 5% lower at just over $ 0.45 per ton. Bucking the trend was Tron (TRX), which gained 3.1% after the network saw the launch of its first stablecoin asset.

 Ether 7-day price chart " src = "https://s3.cointelegraph.com/storage/uploads/view/2c2b9e2df5152c380b15de4e9b058291.png" title = "Ether 7-day price chart" /> </p>
<p dir= Ether 7-day price chart. Source: Coin360

The total cryptocurrency market cap is now over $ 300 billion, Bitcoin's weekend moonshot further expanding its market dominance to more than 59%.

As Cointelegraph reported, multiple significant factors suggest the largest cryptocurrency's longer-term trajectory previous_time-highs.


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