Bitcoin price skyrocketed by nearly $900, or over 16%, on Tuesday morning, April 2, rising close to $5,000.
The price increase started unexpectedly, around 05:00 GMT time, and in about an hour BTC managed to test the $5,000 mark. Bitcoin dominance index rose to 51.8%.
As expected the rest of the market has followed the leader. Ethereum (ETH) went up by 6.2%, Ripple (XRP) – by 6.3%. The weakest result in the top 10 was Cardano (ADA), which rose by 5.5%. According to CoinMarketCap, the total capitalization of the crypto market rose to $ 160 billion.
Not on all exchanges bitcoin soared to $5,000. The average price of the leading cryptocurrency, according to CoinMarketCap, showed a highest price of $4,850.
Bitcoin is growing all the past week. On the daily timeframe there is a series of rising minimums and maximums, confirming the continuation of the uptrend and, apparently, the reversal of the long-term trend, notes forklog.
In the first quarter of 2019, Bitcoin growth was 10.91%. According to the Bitstamp exchange, the price of leading cryptocurrency has increased from $ 3,693 to $4,096. This was the best indicator since the closing of the fourth quarter of 2017.
According to experts, the growth of Bitcoin may be associated with a change of mood and the arrival of major players on the market. Cryptocurrency has been growing for the seventh week in a row.