Bull Run Alert: Bitcoin Price Breaks Above $4,800, Top Altcoins in the Green

  • Alex Dovbnya
    📰 News

    Bitcoin has just experienced a mammoth-size growth over the last hour with altcoins following suit. The crypto community is full of excitement as Bitcoin keeps recording wild price moves
     


Bull Run Alert: Bitcoin Price Breaks Above $4,800, Top Altcoins in the Green
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Bitcoin (BTC) has just surpassed the $4,800 mark, reaching its four-month high. At the time of writing this article, the BTC price is sitting at $4,869.95, surging by almost 18 percent in one hour.

Bitcoin (BTC)

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Not an April Fools' joke

As reported by U.Today, the number one cryptocurrency has experienced incremental growth during the first quarter. The Bitcoin price has managed to break above its 200-day moving average (MA) for the first time since March 2018.  

The fact that its volatility reached the 2016 level was a precursor to another bull run. However, it is not clear what triggered such an unexpected surge. There are some suggestions that the price move was caused by a short squeeze on Bitfinex, so Bitcoin bulls shouldn’t get too excited about that. If that’s the case, the price will shortly correct itself back to $4,200.
 

However, some cryptocurrency trading experts predict that it’s not the end of this craze price surge, and there is a possibility that we could see Bitcoin touching $5,500 by the end of the day.

 

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Where Bitcoin goes, altcoins follow

As expected, such a rapid price increase turned the whole market green. However, Bitcoin remains the biggest gainer inside the top 10 with a double-digit price uptick.   

Bitcoin

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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