Yes there plenty of drama on crypto bitcoin touches $12000 and come back but will again ho and cross this support soon.

>"There’s been plenty of drama on the crypto markets this week — Bitcoin surged to $12,000 only to crash spectacularly, and Ether has continued to rally"

Bitcoin rallies 13% to break through $11,000 After weeks of stagnation, Bitcoin finally roared to life this week. Late on Monday, the world’s biggest cryptocurrency surged to a new 2020 high of $11,394. The bull run meant almost 95% of Bitcoin’s supply was in profit. Bloomberg released a mid-year report predicting BTC could soon rise above $12,000, with on-chain and off-chain indicators suggesting that the asset will appreciate.

[https://relevant.community/crypto/post/5f27aaef80b1c8001720501b](https://relevant.community/crypto/post/5f27aaef80b1c8001720501b)

>"There’s been plenty of drama on the crypto markets this week — Bitcoin surged to $12,000 only to crash spectacularly, and Ether has continued to rally"

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are HedgeTrade, Ocean Protocol and XRP. The top three altcoin losers of the week are Ampleforth, The Midas Touch Gold and ABBC Coin.

"The other big story has been Ether’s extraordinary march from $225 to $400 in the space of two weeks, coinciding with its fifth anniversary. Many investors believe ETH’s momentum has been buoying the entire market — and possibly even pushing BTC upwards. Three factors appear to be triggering the strong rally: decentralized finance, the upcoming Ethereum 2.0 upgrade and the prolonged rally in the altcoin market. With Ether reaching two-year highs, some crypto traders have warned that a pullback may be on the horizon. Edward Morra said: “Yeah, parabola coming out of another parabola is a sight to behold tbh. Also, this isn’t sustainable and will correct."

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>"There’s been plenty of drama on the crypto markets this week — Bitcoin surged to $12,000 only to crash spectacularly, and Ether has continued to rally"