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Jul 28, 2020

BTC broke through $11,300 in a short time, and rose more than 10% in a single day

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BTC continued to rise sharply in the early morning, breaking through US$11,300 in a short period of time, reaching a maximum of US$11,386, and then a short-term correction. Currently, BTC is finishing around 10 900 USD. The mainstream digital currencies basically followed the trend of the market, and they continued to rise sharply in the early morning, and the rise of various currencies was more obvious.

Last night, BTC surged by more than 10% in a single day, reaching $11,300 at its peak, leading the entire cryptocurrency market to surge. Yesterday, ETH did not increase much, and temporarily retreated to the second line, which is similar to the situation where BTC accompanied the increase when ETH led the increase last week. Affected by this, BCH and BSV also have a corresponding increase of 8%. In addition, LTC saw a 12% increase, reaching 16% at the highest rate.

It is worth mentioning that the capital inflow in the market yesterday was also very gratifying, reaching a recent high net inflow state. The current market is in a temporary retracement, indicating that there is still a retracement or shock digestion demand. There is still a chance to rise in the day. When it falls, pay attention to the stability of the $11,000.

From 8 am to 10 am (within 2 hours), the top three net capital inflows are BTC (+3,378,800 U.S. dollars), EOS (+5.5339 million U.S. dollars), and BNB (+3,258,700 U.S. dollars); the top three net capital outflows are ETH (US$-281.25 million), ADA (US$1.1437 million), USDT (US$1.1327 million).

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