Over the last hour, the price of Bitcoin (BTC) has risen to the $ 11,000 level, resulting in a huge volume jump, which resulted in the price reaching a new 2020 high of $ 11,394.

At the time of going to press, the price dropped slightly to $ 11,150, but the purchase size continued to rise over the hour period. This indicates that the most popular digital asset, CoinMarketCap, may again have a daily high.

As previously mentioned by Cointelegraph, activity in the chain has skyrocketed in the exchange flow as Bitcoin's price rose above $ 10,000 and Bloomberg analysts now believe Bitcoin's price will rise above $ 12,000 this year.

Ether Price (ETH) also rose above the previous high, climbing to $ 333.52, but as of the time of writing, the alternative exchange rate has fallen below $ 330.

According to CoinMarketCap, the total maximum for the crypto market is now $ 326.7 billion. The Bitcoin dominance index is currently 63.1%.

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Source: CoinTelegraph

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