Share this article
Bitcoin Price Jumps $1K in 30 Minutes to Top $10,000 Again
Bitcoin surged $1,000 in just 30 minutes during U.S. trading hours Thursday, a move that found the leading cryptocurrency rising to $10,400.
Updated Sep 13, 2021, 11:12 a.m. Published Jul 18, 2019, 3:16 p.m.
Bitcoin surged $1,000 in just 30 minutes during U.S. trading hours Thursday, a move that found the leading cryptocurrency rising from $9,335 to a high of $10,400, based on Bitstamp data.
The sudden rally could be associated with the massive unwinding of short BTC/USD positions (profit taking) seen in 30 minutes to 15:00 UTC, as reported by bot powered twitter handle @WhaleCalls.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Prices had dropped to a low of $9,280 at 14:00 UTC, having repeatedly failed to beat the psychological resistance of $10,000 in the Asian session and during early European trading hours. But, bitcoin's price rise is now boding well for the broader market.
Names like litecoin and bitcoin SV are reporting double-digit gains at press time. Meanwhile, ethereum's ETH token and XRP are up 6 percent and 3 percent, respectively.
Bitcoin's dominance rate, the top cryptocurrency's share of total market cap, has also risen to 65.8 percent from 65.4 percent seen earlier today, according to CoinMarketCap.
Looking forward
With the sudden move above $10,000, the prospects of bitcoin breaching the former resistance-turned-support of $9,097 (May 30 high) have weakened. That said, the bulls are not out of the woods yet and a break above $11,080 is needed to invalidate the bearish case.
A high-volume break above $11,080 would violate the bearish lower highs pattern and shift risk in favor of a rise to $12,000. Notably, the move above $10,000 is backed by a rise in buying volumes (green bar). Hence, prices could rise to $11,080 in the next 24 hours.
As of writing, BTC is changing hands at $10,400 on Bitstamp, representing 5 percent gains on a 24-hour basis.
Disclosure: The author holds no cryptocurrency assets at the time of writing.
Price chart via Shutterstock; charts by Trading View
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
