Crypto Market Cap Gains $7 Billion as Bitcoin Blasts Through $12,000

Bitcoin has surged past $12,000 in the past several hours and it came just $200 away from marking a fresh 2020 high above $12,500. Interestingly, the alternative coins haven’t followed BTC’s move upwards, and Bitcoin has increased its dominance over the market.

Ever since Bitcoin dipped to $11,200 on Friday following controversial news from OKEx, BTC has been gradually increasing in value. Bitcoin’s near 4% increase on a 24-hour scale is significantly more impressive than the Wall Street gains.

Timeline of Bitcoin