Bitcoin Still Hangs Above $5,000, Bitcoin Cash Soars Nearly 22 Percent

After the sea of green on Wednesday and BTC pulling the top ten North, Bitcoin is still above $5,000 mark but some altcoins are dropping

Thu, 4/04/2019 - 6:59

Bitcoin Still Hangs Above $5,000, Bitcoin Cash Soars Nearly 22 Percent

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The sudden rise of Bitcoin which has been lasting for a couple of days already does not seem to be supporting the whole crypto market any longer. Now, one look at Coinmarketcap (CMC) is enough to see that the situation is changing and around half of the top hundred crypto assets have begun to retrace.

Will Bitcoin roll down under $5,000?

The recent Bitcoin price surge has brought up numerous speculations of experts in the crypto and financial spheres as to how long the spike would last, whether it is a new prominent bull ru n or if it will end soon.

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Major news outlets have suggested their view of the situation and the reasons behind Bitcoin’s rise. However, in an article on Wednesday, Bloomberg called the situation an unjustified burst of optimism, recommending to simply ignore it.

Thu, 04/04/2019 - 06:14

Bitcoin (BTC) Price Prediction: A Bull Run to $5,500 or Waiting for Correction

What is CMC showing right now

At the time of writing, Bitcoin is trading at $5,029. The other best performing coin at the moment is Bitcoin Cash, which is showing a rise by nearly 22 percent.

Ethereum, XRP and Binance Coin are the only assets on the top-ten list that are declining.

Bitcoin Still Hangs Above $5,000, Bitcoin Cash Soars Nearly 22 Percent

Top 10 Cryptocurrencies Price by Coinmarketcap.

#Bitcoin Price Prediction #Bitcoin Cash Price Prediction

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.