Market Update – Bitcoin Breaks Above $37,000

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The market’s largest crypto has added $1,000 over the past day to $ $37,333.34 (+3.74%). However, it seems the boost is not enough to take the asset above $40,000.

The only important news affecting BTC today is the one about the British bank Standard Chartered launching its own cryptocurrency exchange already this year. However, buyers have not considered it important enough to start a massive purchase of the asset.

The cryptocurrency with the highest increase in the top 10 at the moment is Dogecoin, which has added 33.42% to $0.424. The recent spike in the price of the asset might be related to the news that Coinbase Pro has added support for it, while P2P crypto marketplace LocalBitcoins has also added it to its platform.

As far as the Bitcoin dominance index is concerned, it has fallen from 42.2% to 41.6%, while the cryptocurrency’s market cap stands at $697,456,932,482.

In general, we could say the market is currently enjoying a bullish trend thanks to the positive news and the lack of news regarding new regulations or hacks. We are in the middle of the week now, so Bitcoin still has time to break above $40,000 or fall to the next support level.