Bitcoin’s [BTC] surge above $5,000 fuels bullish movement in crypto-linked stocks

2019-4-5 20:30

Bitcoin, the largest cryptocurrency in the crypto world, saw a new bullish trend earlier this week which led the price of the coin to pump above the $5,000 resistance, along with other cryptocurrencies. BTC surged as high as $5,316 in late US trading before it dipped by Asia hours, cited Bloomberg.

The publication’s Galaxy Crypto Index tracked the rally of Bitcoin this week to be 38%, which might result in Bitcoin gaining for the fifth straight week after months of tanking prices.

However, this pump in price did not just impact the crypto market. According to the publication, crypto-linked stocks in Asia extended gains following the Bitcoin bull run. This was led by Remixpoint Inc. in Japan, which jumped by 16% during the day on Thursday. The company is up by 26% in this week. Vidente Co. joined Remixpoint Inc., as it climbed 20% over the weekend. Omintel Inc. reportedly posted a 6.3% advance.

The Bitcoin surge fueled a post-market rally in US small-cap crypto stocks soon after Wall Street closed. Riot Blockchain Inc. advanced by 12% and touched $5.42 after the close. This hike added to the 12% surge it observed on Wednesday’s trading, however, it lost all the gains soon. Other crypto companies like DPW Holdings Inc. and Marathon Patent Group Inc. spiked after the close.

Shares of Galaxy Digital Holdings Ltd. is up by 159% this year. The Toronto-listed company is the part owner of Mike Novogratz’s crypto-merchant bank Galaxy Digital Holding LP. The company noted a 159% surge after a dreadful 2018 when it lost $136 million in a period of nine months.

At press time, BTC was valued at $4,971.91 with a market cap of $87 billion. It noted a 24-hour trading volume of $17.74 billion and surged by 21.93% over the past week. BTC noted a dip of 0.80% over the past day and was dipping further by 0.17% in an hour. The resistance for the largest cryptocurrency was at $5,654.

The post Bitcoin’s [BTC] surge above $5,000 fuels bullish movement in crypto-linked stocks appeared first on AMBCrypto.

origin »

Bitcoin (BTC) на Currencies.ru

$ 95326.37 (+0.04%)
Объем 24H $53.987b
Изменеия 24h: 3.79 %, 7d: -3.11 %
Cегодня L: $91951.2 - H: $95752.95
Капитализация $1887.824b Rank 1
Цена в час новости $ 5022.72 (1797.9%)

bullish btc above bitcoin crypto crypto-linked fuels

Источник: ambcrypto.com

bullish btc → Результатов: 126


Bitcoin Futures Premium Shows That Institutions are Bullish on BTC

Bitcoin futures have seen a rising premium over spot BTC in recent months, which seems to indicate that traders are bullish on the benchmark cryptocurrency. This premium is particularly clear while looking towards the CME – which seems to indicate that professional traders and institutions are particularly bullish on BTC at the present moment. This […]

2020-7-8 00:00


Bitcoin [BTC], EOS are still the most compelling long positions, says Ikigai Asset Management founder

Bitcoin’s [BTC] significant bullish rise over the past week has left a long-lasting effect on the cryptocurrency market, with several proponents claiming that it was Bitcoin’s return. In a recent interview, Travis, the Founder and Chief Investment Officer [CIO] of Ikigai Asset Management, spoke about the price hike and the entry of institutional investors in […] The post Bitcoin [BTC], EOS are still the most compelling long positions, says Ikigai Asset Management founder appeared first on AMBCrypto.

2019-4-5 12:30


Bitcoin [BTC]: China’s ‘Google’ Baidu registers ‘bitcoin’ as the most trending topic after bullish spike

Bitcoin’s [BTC] recent surge that enabled it to break out of its long drawn out bearish slump, created a splash in the cryptocurrency industry as well as the world of finance. The rise in Bitcoin’s price was just the tip of the iceberg as many other cryptocurrencies lower on the price charts also witnessed significant […] The post Bitcoin [BTC]: China’s ‘Google’ Baidu registers ‘bitcoin’ as the most trending topic after bullish spike appeared first on AMBCrypto.

2019-4-4 16:30


Key Bitcoin Metric Flashes Bullish for First Time in 442 Days

The bitcoin price just accomplished something it failed to do every day for more than a year, and it has speculators foaming at the mouth. For the first time in 442 days, in nearly 15 months, a positive candle of bitcoin was closed on a chart that uses a technical analysis method called the Ichimoku Cloud, a collection of indicators that demonstrate support and resistance levels.

2019-4-4 00:15


Crypto Cheerleader Pomp Discusses Bitcoin’s Future Developments With Vision Hill’s Dan Zuller

With the crypto market once again being faced with long-term bullish prospects, investor confidence in currencies such as Bitcoin seems to rising. This is highlighted by the fact that BTC recently broke past it's all-important $5K resistance barrier— thereby pushing the overall market capitalization of the alt-asset domain over the $160 bln mark. In the […]

2019-4-3 18:58


BitMEX: less than 200 positions across XBT and ETH contracts encountered erroneous auto-deleveraging

Earlier today, Bitcoin [BTC], the largest cryptocurrency by market cap, spiked in double digits to break through its resistance levels, resulting in a bullish sentiment. To add on, the run even resulted in other cryptocurrencies gaining momentum, thereby resulting in the majority of the market glowing in green.

2019-4-3 23:00


Bitcoin’s 7 Reasons for a ‘2019 Perfect Bull Storm’ + This Week’s BTC Price Predictions & March 31 History

Bitcoin Could be Creating a “Perfect Storm” for 2019 to be a Bullish Year Bitcoin (BTC), the most popular digital currency remains in a bear trend that started back in January 2018. However, there are several analysts and experts that believe that the cryptocurrency has already bottomed. These analysts believe that Bitcoin is in a […]

2019-4-1 23:45


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

FET nears breakout: Could a 20-30% rally be next?

FET consolidates near $1.33 as traders eye a breakout above $1.38 resistance. On-chain activity surges, while technical indicators and liquidations suggest potential bullish momentum. ArtifiThe post FET nears breakout: Could a 20-30% rally be next? appeared first on AMBCrypto.

Hyperliquid reaps the benefit as Bitcoin, altcoins take a backseat

Hyperliquid, when stacked against its rivals, it stands out as the future of crypto fee generation. With its unique integration of spot & derivatives exchanges, Hyperliquid is truly settingThe post Hyperliquid reaps the benefit as Bitcoin, altcoins take a backseat appeared first on AMBCrypto.

Gate Token booms 23% in 7 days: Will GT hit new highs or correct to $13.9?

While GT’s price increased, its social metrics also improved.  Selling pressure on the token increased, which could cause a price correction soon.  Gate Token [GT] has showcased impeccabThe post Gate Token booms 23% in 7 days: Will GT hit new highs or correct to $13.9? appeared first on AMBCrypto.