Rally Continues: Bitcoin Is At $4,965, Altcoins Are Following
The leading cryptocurrency with the most dominant share in the total cap, Bitcoin (BTC), continues to rise and holds its gains following a new rally from last night which saw it increase to $4,965 while other major cryptocurrency markets are registering solid growth as well.
Right now, the Bitcoin news today show that BTC looks stable and is the main player in the new surge. The dominant cryptocurrency holds ground on the day after breaking the $4,500 price mark for the first time this year. The coin has gained more than 18% on the day and its weekly gains are now about 25%, which is a quarter from its total price.
According to the cryptocurrency bull and analyst Brian Kelly, the next Bitcoin target is going to be $6,000 and that the crypto market is finding its bottom. Meanwhile, the second largest cryptocurrency by market cap, Etherreum (ETH), is also seeing green and its daily gains are now over 16% at press time. The biggest altcoin is now trading at $166 while its highest price on the day was $163.
Ripple (XRP) is also up by 13% over the past day and is now trading at $0.351. After peaking to as high as $0.348, the altcoin dipped slightly but continued to rise in the later hours. Since then, it has sustained a gradual upturn to its current price.
Of the top 20 cryptocurrency list on CoinMarketCap, we are seeing all of the coins in the green zone, reporting gains between 0.53% and 44% over the past 24 hours. Among the top gainers, Bitcoin Cash (BCH) has been seeing the biggest traction and is up over 50% to trade around $260.
Bitcoin SV (BSV), on the other hand, is seeing the second most growth and is up by over 35% on the day, now trading at $84.48. There is no clear indicator if this growth is going to continue. However, as it stands, the growth has brought a lot of positive attention towards cryptocurrencies.