The bull trend in the cryptocurrency market goes at full stream. The bitcoin price overcame the resistance level at $8,300 and moves closer to $8,800.

Bitcoin added 10% in price within last 24 hours, and it is currently trading at around $8,730. The first cryptocurrency managed to overcome resistance levels at $8,300, $8,500, and even exceeded $8,800 for a while, reaching its YTD maximum at $8,847 on 27 May.

Bitcoin rose even to $8,939, closely approaching the cherished $9000 on two cryptocurrency exchanges, Bitstamp and Coinbase.

The capitalization of the first cryptocurrency is approaching $155 billion, and the overall capitalization of the crypto market is almost $270 billion. Bitcoin accounts for 57.4% of the market.

According to technical analysis, the current growth of bBitcoin is in line with the forecasts that were given immediately after bitcoin overcame the $7,000 mark. At that time, many analysts, including global markets analyst Alex Kruger, noted that the cryptocurrency had passed into the bullish stage.

Other factors that fuel bitcoin growth are increased interest in cryptocurrencies from institutional investors, who prefer to buy and sell on over-the-counter regulated platforms, as well as from a wide range of retail investors, as evidenced by the increase in requests for bitcoin in Google Trends.

Other cryptocurrencies follow bitcoin: Ethereum added 7%, XRP increased by 7.4%, and Bitcoin Cash jumped by 9%.

Among the growth leaders is Bitcoin Cash's alternative fork, Bitcoin SV, which is supported by Craig Wright. After the media reported that Wright filed two applications in the US Copyright Office for the registration of copyrights on the bitcoin White Paper and its code, the Bitcoin SV price began to grow rapidly. The altcoin added more than 27% in price within the last 24 hours.