BTC Hits $4,800 for the First Time in 2019, Top Crypto Markets See Double Digit Growth

Published at: April 2, 2019

Tuesday, April 2 — Bitcoin (BTC) has pushed over $4,500 for the first time this year, while top crypto markets are solidly in the green for the second day in a row, some seeing major 24-hour growth.

Market visualization from Coin360

The price of BTC skyrocketed, gaining more than 14 percent in the space of one hour early Tuesday. Hovering around $4,650 at press time, the coin peaked at $4,849 early on April 2, according to CoinMarketCap stats, before dropping slightly and trading sideways to press time.

In comparison to yesterday’s charts, when BTC’s price was hovering around $4,100, the market capitalization of the world’s top coin has gained almost $10 billion, totalling $82 billion by press time.

BTC is currently up about 13 percent over the past 24-hours.

Bitcoin 24-hour price chart. Source: CoinMarketCap

Ethereum (ETH), the second-ranked cryptocurrency by market cap, is also solidly in the green, seeing about 6 percent in gains on the day. The coin is now trading at $150 in comparison to yesterday’s $140, while its market cap is over $15.8 billion at press time.

Ethereum 24-hour price chart. Source: CoinMarketCap

Ripple (XRP), currently the world’s third largest cryptocurrency, is also up 6 percent today, trading around $0.33 by press time. The coin’s market cap has gained about $900 million within a day, reaching $13.8 billion at the peak earlier today.

Ripple 24-hour price chart. Source: CoinMarketCap

Experts Naem Aslam and Tone Vays discuss Bitcoin’s recent price surge. Source: Cointelegraph

The total market capitalization of all cryptocurrencies has significantly increased during the sudden market surge today. While yesterday’s highest point was at $146 billion, today’s peak was at $163 billion, declining to $159.4 billion at press time.

24-hour total market capitalization chart. Source: CoinMarketCap

As for other altcoins, all top 20 currencies except Tezos (XTZ), ranked 19th and down 4.4 percent, are currently in the green, with many seeing double digit growth on the day. Litecoin (LTC), Cardano (ADA), Tron (TRX) and Monero (XMR) have seen the most significant gains today, all growing over 10 percent, while other altcoins are up 5 to 10 percent to press time.

At the same time, Tether (USDT), the fiat-pegged stablecoin with the highest trade volume, has recently hit an all-time high by the number of daily transactions, according to blockchain data provider Coin Metrics.

As BTC’s price surged this morning, the industry is discussing a prediction made by crypto trader and investor Josh Rager of TokenBacon. In a tweet from Rager on March 31, he stated that the next BTC cycle should peak at $150,000 by 2023. Some are sceptical about the optimistic forecast, while others recall even more optimistic outlooks on BTC hitting $200,000 and more in the future.

In other crypto industry news, major American cryptocurrency exchange Coinbase has recently expanded into cross-border payments. Its customers can now transfer funds to any user with a Coinbase account around the world using XRP and the exchange’s stablecoin, USDCoin (USDC), with no fee.

Meanwhile, a recent report published by SwissBanking claims that the fintech sector in Switzerland, including distributed ledger technology firms and crypto-related businesses,  continues to grow, while traditional financial institutions are stagnating.

Tags
Bitcoin Price
Markets
Altcoin
Cryptocurrencies
Ether Price
Ripple
Market Capitalization
Tron
Related Posts
Bitcoin Sees New 2019 Lows as Crypto Markets Slide Down
Monday, Jan. 14 — crypto markets are still sliding down after a weekend in the red. According to CoinMarketCap, Bitcoin (BTC) has hit a new 2019 low, trading at $3,552 around press time as other major cryptocurrencies are facing moderate losses. Market visualization from Coin360 Bitcoin has lost another 2 percent in 24 hours, with its price barely reaching $3,600. Although some reports predicted major market movements due to the recent activation of long-dormant Bitcoin wallets, the major coin has spent a weekend mostly in the red. Bitcoin 7-day price chart. Source: CoinMarketCap Bitcoin Price Index Ripple (XRP), which is …
Bitcoin / Jan. 14, 2019
BTC Holds Above $5,000, Traditional Markets See Mixed Signals
Tuesday, April 9 — As major cryptocurrencies are trading sideways, Bitcoin (BTC) is holding above the $5,200 mark despite a minor decline in price. Meanwhile, traditional markets are down as United States president Donald Trump has threatened to impose $11 billion in duties on European goods. Market visualization from Coin360 BTC is trading sideways over $5,200 after breaking the $5,300 mark yesterday. Mati Greenspan, senior market analyst at eToro, told Cointelegraph that the world’s top coin is now testing a new resistance line: "We're now testing a new resistance line exactly at $5,350 [...] And notice we are trading well …
Bitcoin Price / April 9, 2019
BTC Tests $5,000 Amid 2019’s First Major Crypto Market Recovery
Wednesday, April 3 — Bitcoin (BTC) has tested the $5,000 mark for the first time since November 2018, as crypto markets are on the rise for the third day in a row. While some major cryptocurrencies are seeing a mild surge in price, others boast double-digit gains. Market visualization from Coin360 BTC, which skyrocketed yesterday and gained over 14 percent in price over 24 hours, spent a few hours above the $5,000 mark earlier today. The world’s top coin peaked at $5,043 at some point, according to CoinMarketCap stats, before going back to $4,900. As of press time, BTC is …
Bitcoin / April 3, 2019
Crypto Markets Meet December in Green, Bitcoin Trades Above $4,200
Saturday, Dec. 1 — Crypto markets have seen a substantial influx on the first day of this winter month, with all top 20 coins by market cap firmly in the green, according to CoinMarketCap. Market visualization from Coin360 Following multiple plunges below the $4,000 threshold yesterday, Nov. 30, Bitcoin (BTC) has managed to finally hold $4,000 support today. The major cryptocurrency is now trading at $4,202, up 4.5 percent over the past 24 hours to press time. Bitcoin is down around 1.9 percent over the week, according to data from CoinMarketCap. Bitcoin price 7-day chart. Source: CoinMarketCap Bitcoin Price Index …
Bitcoin / Dec. 1, 2018
After a Brief Decline, Crypto Market Cap Is Stable Around $130 Billion, Stocks Are Down
Thursday, Feb. 28 — crypto markets continued trading sideways, while the total market capitalization has remained stable around $130 billion after a major sell off on Feb. 24, according to CoinMarketCap. Market visualization from Coin360 Bitcoin (BTC) is trading around $3,865, up around 0.3 percent over the past 24 hours at press time. With that, the biggest crypto has seen some volatility on the day, with its intraday low of $3,787, and the high of $3,906. After the Sunday sell off, Bitcoin is down 2.15 percent over the past seven days. Bitcoin 24-hour price chart. Source: CoinMarketCap The top altcoin …
Bitcoin Price / Feb. 28, 2019