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Bitcoin Firmly Holds Above $5,200, Altcoins Turn Green with Bulls Back in the Game
Bitcoin is hovering above the $5,200 level after a minor price uptick of 2.20 percent. At the time of writing this article, the coin’s price is at $5,227.
(CoinMarketCap: the top 5 coins register minor gains)
Alex DovbnyaBitcoin is vying to hit $5,300
After a small bump in the road, the Bitcoin price continues to go grow after starting the week on a bullish note. During the weakened, as reported by U.Today, Bitcoin recovered from its short-lived correction that sent its price back to the $5,000 level.
Now, the real question is whether Bitcoin will manage to surpass its YTD peak of $5,417 that was recorded on Apr. 10. As reported by U.Today, Forbes analyst claimed that $6,000 would be an easy target for Bitcoin.
(CoinMarketCap: Bitcoin finally gains traction after remaining stable throughout the day)
Thomas HughesEven Bitcoin SV is up
Bitcoin SV, the embattled Bitcoin Cash forked that recently plunged 24 percent due to the delisting controversy, also followed the overall bullish trend with its price registering a minuscule 1.13 percent increase over the last hour. Overall, the coin is done by more than 30 percent in just one week.
Bitcoin Cash, which recorded an intraday high of $324.80, showed an inverse price trend. Roger Ver’s coin is unlikely to be affected by the SBI Virtual Currencies snub.
Image by U.Today
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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