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Bitcoin Jumps 10% Again, Outperforms Major Altcoins

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The most popular cryptocurrency, bitcoin (BTC), for the second time this week rallied c. 10% in around 7 hours, leaving all major altcoins behind.

Source: iStock/hocus-focus

At pixel time (18:33 UTC), bitcoin trades at c. USD 7,572 after touching almost USD 6,900 earlier today. The price is up by 6% in the past 24 hours, trimming its weekly losses to 8%. Bitcoin is still down by 19% in the past month, but is up by 103% in the past 12 months.

Bitcoin price chart:

Source: coinpaprika.com

Other major coins from the top 10 by market capitalization are up by 2%-5.7% in a day, while bitcoin dominance, or the percentage of the total market capitalization, has surpassed 66% for the first time since November 8.

The total market capitalization increased by 5%, to USD 207 billion.

As reported, after touching USD 6,600 on Monday, BTC rallied c. 10% in around 7 hours, jumping to USD 7,300.

Meanwhile, multiple assets outside the top 10 outperformed bitcoin today – tron (TRX), cardano (ADA) and monero (XMR) are up by 7%-10% in a day, while even smaller capitalization tokens, such as bitcoin turbo koin (BTK), matic (MATIC) and IOST (IOST) increased by 14%-27%.

Money flows in the past 24 hours, in million USD

Trading PairNovember 26 (16:45 UTC)November 27 (19:00 UTC)

Source: Coinlib.io