Bitcoin quickly found support this year to jump from $8K figure to $9K figure. At the time of reporting this, the crowning cryptocurrency is trading at over $9K, showering the blessings on the prices of other altcoins as well. 

According to the data provided by Coinspace.com, Bitcoin is soaring with over 4.26 percent within the past 24Hrs and trades at $9,021 against USD. Moreover, the total market capitalization counts at $164,058,657,330 whereas the dominance points at 66.2%. 

However, few analytical reports had hinted this surge when Bitcoin was trading at $8718 on January 27, 2020. It was reported that Bitcoin pennant pattern breakout strives to hit $8800 and the run-up to $9,200. And certainly, Bitcoin hit value over $9000 on January 28, 2020. 

However, the market has seen strong fundamentals that might trigger Bitcoin to en route to a new higher value. One such fundamental include a recent announcement of the Bitcoin Lightning Development Kit (LDK) by Crypto Capital, a firm backed by Twitter CEO Jack Dorsey. More so, this version tends to bring low-cost and instantaneous BTC payments which eventually push Bitcoin as money than just a store of value. 

In a nutshell, it is also being stated that the upcoming halving has been contributing towards a bullish move for Bitcoin’s trading value. Although halving is due to 100 days, the next move of Bitcoin price is yet to be seen. 

On the other side, alternate cryptocurrencies including Ethereum, the second-largest coin, followed by XRP, Bitcoin Cash, Bitcoin SV, are following the positive suit. Accordingly, ETH is up with 2.47 percent, XRP with 1.43 percent, Bitcoin Cash with 1.22 percent and Bitcoin SV with 4.62 percent respectively. 

Noticeably, the overall crypto market is now valued at $250.3 billion with major altcoins popping up the greener look.