Bitcoin Price Surges to Above $5,560, Highest Since November 19, 2018
In the past 24-hours, Bitcoin surged 4.69 percent to reach $5,543, for the first time in just over 5 months, as per Coinmarketcap data.
The flagship cryptocurrency with a market cap of $97 billion that accounts for more than half of all other cryptocurrencies combined capitalization, saw its price climbed to $5,650 in about ten minutes on April 23. Since then the price has pulled back slightly as it goes below $5,500. However, it is still trading at above $5,500 on Bitfinex at $5,580.
This is the highest the flagship cryptocurrency has gone since November 19, 2018, when it was trading at roughly $5,640 and took a serious drop to $4,600.
Since-November mid-level of roughly $97 billion, the market cap had went down to below $90 level but wiht greens it has also taken a rise while its dominance rate currently registers at 53.2 percent.
Moreover, the trading volume revealed by Coinmarketcap data has reached 15 billion in the past 24 hours. However, as suggested by a recent report by asset management firm Bitwise, these may be misleading as it identified 95 percent of the reported volume by exchanges on Coinmarketcap to be fake, except for only 10 exchanges.
As Bitcoin makes a strong upward over, altcoins are also recording greens that have taken the total market cap well above $180 billion yet again at $184 billion from yesterday’s $176 billion.
Among the top 10 cryptos, Cardano (ADA) is the biggest gainer with 9.38 percent gains followed by Bitcoin Cash (BCH) which is up over 5 percent.
Today’s highest gainer is DigixDAO which is up more than 27 percent followed by ICON and Tezos that are in the green by 11.51 percent and 9.48 percent respectively.