Bitcoin Price Barrels Past $16,000 as Altcoins Enter Decline

The bitcoin price made a bullish leap on Friday, crossing $16,000 to reach its highest point of the year. The ripple price, meanwhile, declined nearly 11 percent as the weeklong altcoin rally appears to have hit a wall. Bolstered by a resurgent bitcoin, the total cryptocurrency market cap rose to a new all-time high above $782 billion this morning and is currently valued at $779 billion — a 24-hour increase of three percent. Bitcoin Price Recovers Past $16,000 The bitcoin price did not have an enviable start to the new…

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