Bitcoin Price Surges to $10,380 as Trump Threatens Military Crackdown

Within the last hour Bitcoin (BTC) price abruptly surged to $10,380 after spending the last month trading in a symmetrical triangle pattern. The move above the crucial $10K mark occurred as U.S. President Donald Trump mobilized local police and the National Guard to disperse masses of protestors on the White House grounds.

After a brief pullback to $10,100 bulls stepped in to provide renewed buying pressure. At the time of writing the top-ranked cryptocurrency on CoinMarketCap has broken above the long-term descending trendline ($10,250) which has been in place since Bitcoin reached a $19,800 all-time high in 2018.

Crypto market weekly price chart. Source: Coin360

Altcoins also began to rally in response to Bitcoin moving back to $10,000 and many tokens in the top-20 rallied 3 to 5%.

Ether (ETH), the largest altcoin, advanced 6.64% to $250.68. Stellar Lumens (XLM) rallied 6.81%, and NEO gained 11.75%.

The total cryptocurrency market capitalization is over $284.2 billion at press time, with Bitcoin’s share continuing to grow at 65.9%.

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  • bitcoinBitcoin (BTC) $ 63,444.00 0.15%
  • ethereumEthereum (ETH) $ 2,374.26 3.66%
  • binance-coinBinance Coin (BNB) $ 553.57 0.83%
  • xrpXRP (XRP) $ 1.71 4.39%
  • tetherTether (USDT) $ 1.00 0.17%
  • cardanoCardano (ADA) $ 1.44 4.47%
  • polkadotPolkadot (DOT) $ 41.91 2.09%
  • litecoinLitecoin (LTC) $ 268.32 0.84%
  • uniswapUniswap (UNI) $ 34.62 0.02%
  • dogecoinDogecoin (DOGE) $ 0.129109 45.76%
  • chainlinkChainlink (LINK) $ 37.27 7.36%
  • bitcoin-cashBitcoin Cash (BCH) $ 826.94 12.36%
  • stellarStellar (XLM) $ 0.618004 3.57%
  • theta-tokenTheta Network (THETA) $ 11.74 3.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.25%
  • filecoinFilecoin (FIL) $ 167.86 2.59%
  • vechainVeChain (VET) $ 0.170660 20.09%
  • tronTRON (TRX) $ 0.139816 2.79%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 63,282.00 0.22%
  • eosEOS (EOS) $ 7.50 0.11%
  • solanaSolana (SOL) $ 25.99 4.73%
  • klay-tokenKlaytn (KLAY) $ 2.85 6.98%
  • crypto-com-chainCrypto.com Coin (CRO) $ 0.249958 8.32%
  • terra-lunaTerra (LUNA) $ 15.61 2.09%
  • compound-ethercETH (CETH) $ 47.55 3.85%
  • bitcoin-svBitcoin SV (BSV) $ 331.66 13.54%
  • cosmosCosmos (ATOM) $ 24.08 2.13%
  • moneroMonero (XMR) $ 317.62 2.39%
  • okbOKB (OKB) $ 21.05 1.15%
  • iotaIOTA (MIOTA) $ 2.03 1.3%
  • binance-usdBinance USD (BUSD) $ 1.00 0.48%
  • bittorrent-2BitTorrent (BTT) $ 0.008116 0.72%
  • aaveAave (AAVE) $ 398.60 0.98%
  • ftx-tokenFTX Token (FTT) $ 56.43 6.59%
  • tezosTezos (XTZ) $ 6.41 2.61%
  • avalanche-2Avalanche (AVAX) $ 37.60 14.47%
  • neoNEO (NEO) $ 66.14 0.59%
  • kusamaKusama (KSM) $ 466.16 10.92%
  • compound-usd-coincUSDC (CUSDC) $ 0.022476 2.65%
  • elrond-erd-2Elrond (EGLD) $ 231.65 7.38%
  • algorandAlgorand (ALGO) $ 1.44 3.61%
  • huobi-tokenHuobi Token (HT) $ 20.42 0.52%
  • nemNEM (XEM) $ 0.408577 6.86%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 23.35 2.32%
  • thorchainTHORChain (RUNE) $ 15.15 22.84%
  • cdaicDAI (CDAI) $ 0.021221 0.59%
  • daiDai (DAI) $ 1.00 0.13%
  • holotokenHolo (HOT) $ 0.017941 4.46%
  • hedera-hashgraphHedera Hashgraph (HBAR) $ 0.376165 5.83%
  • dashDash (DASH) $ 294.19 1.24%