The most powerful cryptocurrency is jumped over $5,600 with a circulating supply of 17,661,350 BTC and touched the market cap of $99,299,191,212, on April 23rd, 2019,
according to CoinMarketCap data. Now Bitcoin (BTC) is trading at a price of $5623, at the time of writing.
Since Nov 2018, Bitcoin climbed as high as $5,622 and successfully reaching towards forming its golden cross which we all witnessed in Oct 2015.
As per the market speculators, the spike was certainly expected but like 53.2% over the past 24 hours was not assumed. In fact, in the previous week, the analysts were claiming BTC would go down and a reversal was expected to occur from the bullish trend to the bearish trend. However, luckily it did not happen yet and the market is rising along with other altcoins.
The volatility has been noticed in various other altcoins as well. Ether (ETH) jumped around 7.6% from the past 7 days. Reportedly, the total trading volume of the cryptocurrency’s exchanges reached a worth of approx.…. $14.95 billion in the past 24 hours. The market capitalization of the cryptocurrencies reached over 6.3 billion in yesterday’s rally as per the available data which may be due to public sentiments and high speculations of the analysts.
To be sure, the market is speeding up and positively affecting the other top cryptocurrencies. Like Cardano (ADA) and Tezos (XTZ), Tether (USDT) are gaining good results.