Bitcoin Crosses $4,500 for the First Time in Over Six Months. Does Q2 Hold Better Promises for the Market?

2019-4-2 10:55

It is a rather remarkable recovery the cryptocurrency market has made in the last 12 hours. Although Bitcoin (BTC) has sustained its position at $4,000 for a while before going above the support level a few days ago, the rapid increase to above $4,500 in the last few hours was unprecedented.

Several experts, analysts, and traders have predicted a surge for the market and for Bitcoin in particular, but the change was not expected to come so rapidly. If this trend continues, Bitcoin should be over $6,000 in the next few weeks, as predicted by Tone Vays.

While Bitcoin has been quite determined to go up with a number of gains this year, a gain of over 12% in the last 24 hours as recorded (at press) time has been rare since last year. Other cryptocurrencies are not left behind either, Ethereum (ETH) has gained over 5.5% to be trading at $150.24 at press time, all data according to Coin Market Cap.

Ripple (XRP) has also gained remarkably at 5.98% in the last 24 hours to trade at $0.33. No cryptocurrency among the top ten is left out of this boom with Tether USDT recording the least gain of just over 1% which is not unusual because stablecoins seem to slow down when regular cryptocurrencies are on a surge.

Q1 was not too bad, at least it was better than in 2018. However, it seems Q2 is starting on a whole new dimension for the cryptocurrency market. This is not coming as a surprise though because it has been indicated by data from DataLight and other data firms that Bitcoin has been building its stamina underground and a break out is to be expected, it was just not clear how soon.

It may be safe therefore to say the time is at hand or at least the current trend proves that something huge is underway. The prices are still erratic with sharp rises and fall, but within a safe range that suggests the next move for Bitcoin and the market is upwards. It would be nice to welcome Bitcoin back to its former days of glory.

The post Bitcoin Crosses $4,500 for the First Time in Over Six Months. Does Q2 Hold Better Promises for the Market? appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market bitcoin 500 above hours promises better

Источник: zycrypto.com

market bitcoin → Результатов: 126


Bitcoin’s Big Week: Election, FOMC Meeting, And Strong Signs Of A Bull Market

As the market faces one of its most volatile weeks—amid the U.S. election and the Federal Open Market Committee (FOMC) meeting—Bitcoin appears primed for a lasting rally. Historically, major bull runs have followed post-election periods, and analysts are optimistic about Bitcoin’s potential, forecasting it could hit $100,000 by year’s end, […]

2024-11-5 08:22


Bitcoin’s (BTC) Bullish Patterns Emerge: Is a Market Super Cycle on the Horizon? Pay Attention to These Metrics

Bitcoin’s trading pattern lately reveals a consistent sideways movement, with fluctuations between $60,000 and $72,000. This trend, as highlighted by top cryptocurrency analyst Doctor Profit via a tweet on X, mirrors historical market behaviors that have typically preceded significant price increases.

2024-4-29 09:30


Ethena’s (ENA) Crucial Role In Bitcoin Bull Market: Expert Identifies Critical Factors For Sustainable Growth

The recent volatility in the Bitcoin (BTC) price and its struggle to consolidate above the $70,000 mark has raised questions about the sustainability of its ongoing bull run. However, market expert Charles Edwards, co-founder of Capriole Invest, believes that the decentralized finance (DeFi) protocol Ethena Labs (ENA) could significantly extend and boost Bitcoin’s bull market to new heights.

2024-4-10 03:00


Фото:

Option2Trade Remain Market Favorites With Ether As Bitcoin Reaches All-Time Highs

As Bitcoin (BTC) reaches all-time highs, setting the stage for further market growth, Ethereum (ETH) and Option2Trade (O2T) continue to shine as market favourites. Their sustained popularity amidst Bitcoin’s (BTC) milestone achievements highlights the multifaceted nature of the cryptocurrency market, where diversity, innovation, and community involvement are just as crucial for success. Ethereum’s (ETH) role […]

2024-3-13 19:33


Фото:

Bitcoin consolidating above $62k as bull market indicators start flashing

The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark, showcasing a resilient stance amid varying market sentiments after its remarkable rally past the $60,000 threshold to a high of […] The post Bitcoin consolidating above $62k as bull market indicators start flashing appeared first on CryptoSlate.

2024-3-3 18:32


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru