Guess Who's ₿ack, ₿ack Again: Bitcoin Price at $4,800 BTC/USD; Crypto Market Adds $16 Billion in an Hour

Guess who's ₿ack, ₿ack again. ₿itcoin's back, back again as the coin market cap surges $16 billion in a matter of minutes as market momentum and enthusiasm fills the sails of many dormant crypto community members.

That's right, bitcoin (BTC) price has successfully crossed the $4,800 BTC/USD exchange rate value as the crypto markets surge into a sea of green. Bitcoin is leading the crypto coin charge market cap of $85.25 Billion, $13.3 Billion trading volumes, BTC dominance is now at 52.4%.

top-10-crypto-asset-prices

BTC Value Briefly Shoots Up Over $5k, Crypto Market Adds $16 Billion in an Hour

tradingview-btc-value-chart-analysis

Crypto market just got crazy as in an hour the Bitcoin price went up from $4,196 to $4,849 with 24-hours gains of more than 18 percent. The leading cryptocurrency has been currently managing the daily trading volume of $13 billion as per the data provided by Coinmarketcap.

Source: TradingView

At one point, the price break past the $5k level with no particular catalyst. However, after breaking this mark, it has taken a slight dip but still growing and making it way upwards.

As analysts have been predicting, once Bitcoin broke past the critical resistance at $4,100, it went straight to $5k. Now, it would be interesting to see the next target Bitcoin would aim for.

Bitcoin Leading the Rally But Altcoins Go Crazy as Well

It’s not just the leading cryptocurrency that is shooting up, however among the top cryptocurrencies Bitcoin is the highest gainer as altcoins are up between 6 to 10 percent.

After Bitcoin, Tron and Monero are the biggest gains among the top cryptos with over 11 percent greens.

Ethereum and XRP are the least gainers as both are up by 5 percent after Dash which is seeing a rise of only 4 percent.

coin-market-cap-changes

Source: Coin360

Buggyra Coin is today’s top gainer with 137 percent gains followed by ABBC Coin with 44 percent greens.

However, there are still some reds, with Project Pai down 7 percent, KuCoin Shares by more than 6 percent and Tezos is down by over 5 percent.

This has the total market cap reaching $163 billion, adding $16 billion in an hour. This is certainly a big start of the April month. Let’s see if we will see Bitcoin hitting $6k in the coming hours or days and we start a new rally to another peak.

Bitcoin Price Settles Around $4,800 But $4,900 and $5K in Play

Bitcoin just has made one of the biggest rallies in recent memory going up over 12% in just a day. What’s interesting is that most of those gains were made in less than half an hour, between 4:20 AM to 4:55 AM UTC. The price of $4,600 marks a 4 month high for Bitcoin.

Many had predicted about a bullish run of  Bitcoin in 2019, and not only regular crypto enthusiasts. Even billionaires such as Mike Novogratz, Changpeng Zhao, and many others expect to see a growth of Bitcoin price soon. Institutional investors are finally making moves towards the crypto industry. They may be slow and hesitant, but they are moving, which is a huge step in the right direction.

Mati Greenspan, a senior markets analyst at eToro, also weighed in on the bullish sentiment. Greenspan, a prominent voice in this industry, explained that BTC recently broke a key downsloping trend line that has managed to stop rallies dead in their tracks at levels like $8,500 and $6,500. The analyst calls this move “quite significant,” as it does signify that the cryptocurrency market is somewhat out of hot water, albeit not entirely.

Although we have to still be cautious. The top cryptocurrency remains under its 200-day moving average, which has been a pseudo-overarching resistance for BTC throughout much of 2018. Greenspan had earlier said that even if BTC manages to break the important resistance of $4,200, it has to still cross $4,600, which it just did. However, now there are chances of mass sell-offs by day traders.

Most other top coins have made gains too with Ethereum gaining 5.31%, XRP, 6.58%, EOS 8.43%, and Litecoin 7.95%. Tron is another top crypto project to have made double digit gains with 11.11 %.

The reasons for the bullish breakout still remains unclear, however, when the dust settles, we at BitcoinExchangeGuide will be the first to break the news to you. While you are here, make sure to read this post as a great opinion towards bitcoin and gold payment adoption debate.

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Live Bitcoin (BTC) Price:

1 BTC/USD =$9,575.3559 change ~ 0.48%

Coin Market Cap

$176.12 Billion

24 Hour Volume

$4.91 Billion

24 Hour VWAP

$9.54 K

24 Hour Change

$46.3190

Bitcoin Price News Today: April 1, 2019 BTC Value Summary with Industry Insights

Live Real-Time Coin Market Cap Prices

Coin Market Cap Price Change 24 Hour Volume
BTC $176.12B $9,575.3559 0.48% $4.91B
ETH $26.79B $240.9353 1.90% $1.89B
USDT $9.19B $1.0000 -0.06% $5.95B
XRP $8.8B $0.2032 0.89% $254.37M
BCH $4.63B $251.5372 0.00% $385.63M
BSV $3.55B $192.9095 -2.16% $185.99M
LTC $3.05B $47.0407 2.87% $313.07M
BNB $2.72B $17.4703 1.41% $105.43M
EOS $2.5B $2.6782 0.77% $465.71M
ADA $2.17B $0.0836 7.73% $215.47M
XTZ $2.15B $3.0180 4.82% $50.18M
XLM $1.66B $0.0821 3.50% $82.53M
LINK
LEO $1.2B $1.1988 -1.06% $105.13K
XMR $1.18B $66.9226 0.48% $27.97M
TRX $1.12B $0.0168 3.17% $101.67M
HT $895.36M $4.0660 -0.81% $38.09M
NEO $867.76M $12.3018 1.47% $103.41M
ETC $804.06M $6.9129 -0.23% $479.27M
DASH $744.88M $78.1654 -0.20% $124.96M
USDC $732.18M $1.0005 -0.06% $57.32M
ATOM $713.11M $2.8702 4.97% $46.59M
MIOTA $682.23M $0.2454 5.88% $8.9M
ZEC $483.81M $52.0328 0.68% $75.84M

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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