Continuing steady growth on Monday, October 9, the first crypto currency went to levels above $ 4800. As of 08:00 GMT on Tuesday, the average weighted bitcoin rate, according to Coinmarketcap, was $ 4,819.58, but subsequently dropped to $ 4,802.47 to a moment of press.
The observed increase in the price of bitcoin occurs against the background of the expected Bitcoin Gold hardfork later in October and the growing disagreements in the community regarding the SegWit2x. The latter, if nothing extraordinary happens, SegWit2x will have to happen in November.
Both hardforks assume the releaze of new coins for users, which is why high trading volumes are happening last 24 hours. Bitfinex, Bithumb, BitFlyer, HitBTC and GDAX exchanges became the top five leaders in the volume of deals with Bitcoin at this hour.
Over the past 24 hours, bitcoin has risen in price almost by 5%, while its dominance index with total capitalization of $ 152 billion is over 52%.
At the same time, we can see that whole bunch of altcoins are losing their "weight".
Top ten cryptocurrencies chart
As you can see on the chart above, besides Bitcoin, only NEM continues to grow. It gained more than 8.85% in last 24 hours.