From Cointelegraph
Bitcoin climbed 11 percent into Friday to post its highest price since mid-December: one coin was worth $16,920, cross-exchange data shows.Read more: https://cointelegraph.com/news/bitcoin-hits-multi-week-highs-despite-continuing-altcoin-surgeExchanges tracked by Coinmarketcap recorded an average trade price maximum of just under $17,000 earlier Friday before a slight correction saw Bitcoin head back towards $16,000.
The performance is encouraging for holders who have watched profits ebb as altcoin markets continue to surge. The trend marks a pause after several weeks of bearish action for BTC, which did not immediately correct following its dip from $20,000 to around $13,000 last month.
On social media, casual traders were eyeing Bitcoin’s reversal to continue, noting its impact on altcoin markets.
I was surprised to see altcoins holding their value against bitcoin's rally today. Personally I'm still licking my wounds from the summer when I was holding all altcoins during the bitcoin cash fork. Since then I make sure to have a few bitcoins and big volume altcoins.
I'm still a little gun shy right now about picking up altcoins because I have a feeling we are going to see bitcoin pass $20K USD very soon.
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