Bitcoin bounces to five-day highs while Ethereum rises above the $1,100 mark.
Bitcoin price spikes to $20K as whale bought BTC confirms supportMARKET UPDATE
Bitcoin (BTC) rose to clip $20,000 for the first time in five days on July 4 as the Independence Day holiday brought some unexpected gains.
BTC/USD 1-hour candle chart. Source: Tradingview.com
$20,000 briefly reappears
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $20,085 on the day, its best performance since June 30.
The pair had spent most of the holiday weekend at around $19,000, but the absence of Wall Street trading ultimately proved no obstacle for bulls.
Thinner weekend order books likely exacerbated volatility compared to underlying volumes, but nonetheless, Bitcoin was up 3% on the day at the time of writing.