May 30, 2019 22:31 UTC
May 30, 2019 at 22:31 UTC
BTC Bull Run Goes Strong As It Crosses $9000 Landmark!
The Bitcoin bull run this year has been a dream and looks like it is anything but over. There are no signs of bearish trends, in fact BTC just marched on ahead to cross the $9,000 landmark.
This is till date the highest price point in over a year, for the cryptocurrency, which most experts were ready to write off after the disastrous crypto winter.
Not just that, according to Coin360 data below, most of the top 50 cryptocurrencies are also seeing solid green.
This high for BTC was last seen in early May 2018, and is indicative of a strong bull run ahead which might break the record of BTC peak so far. This last week has particularly been comfortable for the cryptocurrency which was trading in the $8,600-800 range.
The altcoins are having an equally good run. Currently, the largest altcoin by market cap, Ether (ETH), has risen up by 2.25% today. At the time of writing, it is trading at $279. This week has been pretty promising for Ether which has sealed a strong 16.7% gain on the week.
Other than that, all seven of the top ten altcoins are in the green. The only three left out are— eos (EOS), litecoin (LTC) and native exchange token binance coin (BNB), ranked fifth, sixth and seventh largest coins by market cap respectively. They are all reporting slight losses of below 1%.
One major breakthrough has happened for BSV which rose almost by 11%. Apparently, One Fake Screenshot Caused Sudden Surge in Bitcoin SV Price.
At press time, the total market capitalization of all cryptocurrencies is at around $277.87 billion, having touched $286 billion earlier today — with bitcoin dominance at 55.7%.