Sunday, April 5, 2020

Crypto Jolts Back To Life And Drags Bitcoin To $4,000

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Cryptocurrency has seen an unexpected rally as a sea of green lights up the price boards at exchanges around the world.

Bitcoin has improved from $3,911.29 to more than $4,000 for the first time since a blip on February 23 saw the price jump to $4,149.09.

That’s the only time since Christmas that Bitcoin has traded at more than $4,000.

The price rise has boosted the market capitalization to just over $70 billion.

All the other top 20 cryptocurrencies also showed vastly improved results over the day.

Ethereum has seen a 4% in 24 hours to trade at $141 – $6 up on the day.

Ripple gained 1.3% in 24 hours to trade at $0.318.

How Bitcoin has traded over the past week

Source: Cryptocompare

Bitcoin Cash resurrected

Bitcoin Cash returned the best numbers – up 10% at one point in the day to $154.10 and a market cap of $2.71 billion after starting the day at $139.12.

Source: Cryptocompare

Monero boost

Another main shower on the day’s trading was Monero.

Starting the day at $51.94, the price dropped to $50.93 before rallying to $55.22 before falling back to $54.16.

Source: Cryptocompare

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