Market Update: Bitcoin Rallies Through $5600 As Market Makes Swift Correction

2019-5-3 12:03

As the waves of the bulls stretch through the cryptocurrency market once again, Bitcoin and many other altcoins are taking a major upclimb as the market makes yet another correction.

The week which had initially begun with a fair share of gains and losses is now stabilizing surprisingly through the weekend. With the structure of the current market, tokens and coins are likely to make a breakout in price if the market continues to take this route.

While some cryptocurrencies are still managing to rake in gains between 2% and 3%, Bitcoin is fast heading to the breakout end as gains sweep in swiftly.

The bull had previously lost its momentum on the 24th of April shortly after moving all the way up to $5642 on that very same day. Although the coin later recounted gains that pushed it back up to the $5500 mark the next day, the effects of the bearish trends set in shortly after and send Bitcoin even further down to the $5100 mark. Bitcoin which has now rallied its way up above the $5500 mark within the last 24hrs is now trading at a price of $5677 at press time.

In terms of gains, BTC has increased by 4.73% at the time of this writing. It becomes even more impressive to note that BTC is amongst the top gainers at present, and with the constant increase in trading volume, BTC is more than likely to hit $5700 in a few hours time and head further to the $5750 and $5800 mark.

Traders have continued to HODL in anticipation for the next bull run, which in this case seems to be around the corner. In fact, with trading price only $400 away from $6000, the bull run is indeed not farther into the year.

Via Coin360

Meanwhile, altcoins are not losing their grip. With the arrival of the slight bearish trends, a sizeable number of altcoins have attained impressive gains, well enough to set trading price out on a breakout.

The post Market Update: Bitcoin Rallies Through $5600 As Market Makes Swift Correction 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 through makes correction bitcoin swift update

market through → Результатов: 126


Фото:

Bitcoin Price Hinges On $5.4K As Bulls Eye End-Of-Year Gains

Bitcoin price continued climbing through $5350 May 2 as the second month of the cryptocurrency’s bull market begins. Bitcoin Bull Market Month 2 Begins Data from cryptocurrency exchange Bitstamp, which traditionally delivers Bitcoin price indices on the lower end of the scale, sees BTC/USD at $5365 Thursday, slightly down from an almost weekly high of $5376.

2019-5-2 17:00


Bitcoin Related Tweets Hit their Lowest Level in 5 Years as Crypto Twitter Bear Market Blues Surface

Bear market according to experts is in its last stages as Bitcoin goes through accumulation phase. This phase, however, is expected to persist in the market for the next few months. In the meantime, Bitcoin-related tweets are going downwards, per the data provided by Bitinfocharts. Since hitting the peak in December 2017 at the 155k […]

2019-4-29 18:49


Scalable Dapp Development Platform Squeezer.io Looks to Revolutionize Business Infrastructures Through Blockchain Implementation

Bitcoin Press Release: Scalable dApp creation platform Squeezer. io will help software developers integrate decentralized apps into already established business infrastructures. Monday 22nd April, 2019, Belize City, BELIZE –  Scalable dApp creation platform Squeezer.

2019-4-26 22:30


Bitcoin’s [BTC] reign has begun; Altcoin Season is now over, claims eToro’s Mati Greenspan

Bitcoin’s [BTC] gains through the course of April have made many question the progression of alternate cryptocurrencies, and whether their time came and went. With the king coin exhibiting bullish swings, anchoring market resurgence, and also increasing its dominance with every cycle, has the “altcoin season” passed? eToro’s senior market analyst, Mati Greenspan, joined this […] The post Bitcoin’s [BTC] reign has begun; Altcoin Season is now over, claims eToro’s Mati Greenspan appeared first on AMBCrypto.

2019-4-25 10:51


Another One ‘Bits’ the Dust as Coinnest Crypto Exchange Shuts Down Services in South Korea

Coinnest Shuts Down Services in South Korea Even though there have been signs that the market has been improving over the recent bear market, not everyone has managed to survive through this time. Unfortunately, one of the companies to succumb to the damaging effects of bearish trends is Coinnest, a cryptocurrency exchange located in South […]

2019-4-18 22:30


Malwarebytes Labs Report: Electrum Wallet Bitcoin Phishing Attacks Account for $4 Million in Theft

The cryptocurrency market has had their share of scams through the years, with hackers attacking at every single weak point they can find. Hackers have plagued this nascent industry frequently, and a recent report from Malwarebytes Labs says that one of the recent groups of victims is that of the users of the Electrum Bitcoin […]

2019-4-17 23:56