02/04/19 02:50 UTC-4

Unexpected rise: Bitcoin rose to $ 5,000 per night

CryptocurrencyBitcoin grew to $ 5,000 overnight
Bitcoin grew to $ 5,000 overnight

On the night of April 2, Bitcoin showed tremendously rapid growth. The rate of digital gold rose to $ 5,000. Apparently, this indicates a reversal of the long-term trend, from bearish to bullish.

On April 2, the price of digital gold in just a few hours went up by $ 950. Recall that the day before the average rate of Bitcoin ranged from 4150 dollars.

The rapid rise in the Bitcoin price

BTC showed a rapid price increase today, April 2. The first cryptocurrency rose to $ 5,000. High price indicators did not stay long, and in an hour the rate dropped slightly to $ 4,725. 

Interesting in the section: Bitcoin, as a decentralized payment system

According to the statistics of Cryptobit Мedia, the maximum transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details
price was $ 5,096.06, and the minimum orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details
was 4,130.15. These figures may indicate not only the trend reversal of “Bullish Engulfing”, but also its impeccable implementation. The seven-day BTC moving average (MA) will also increase significantly if the high price indicators hold for at least a day.

Also, such a rapid rise indicates a global and long-term trend change. Now, if Bitcoin overcomes the psychological barrier of $ 5,000, it can rise to 7,000. At the same time, the rise in the price of the main cryptocurrency has substantially raised the market capitalization and the prices of other altcoins. With a BTC domination factor of 52.5%, the total capitalization of the cryptocurrency market rose to 164 billion dollars.

Interesting in the section: Thin Verge faces

An unexpected rise in the Bitcoin rate, the asset rose to $ 5,000 overnight. Recall that the “digital silver”, Litecoin, also showed active growth. For the first quarter of 2019, LTC has grown by 100% from its previous value. Experts associate the rise of the course with an early halving of the asset.

Editor: Godfrid Brower

See also: "The Litecoin price doubled in the first quarter of 2019"

#cryptocurrency #Bitcoin #BTC #growthrate #digitalgold



23/08/19 22:00 UTC-4

Out: Libra founders are preparing an "escape" from the project

​The Libra Association (the organization that should develop Facebook’s cryptocurrency) has 28 members. They include such giants as Visa and Uber. Now at least 3 members are trying to get out of the project because of criticism from regulators.

16/08/19 07:00 UTC-4

A Wall Street analyst is confident in the growth of Bitcoin

Yesterday, August 15, a prominent Wall Street analyst and co-founder of Fundstrat Global Advisors financial agency, Tom Lee, said he was confident in the imminent increase in the value of digital gold. According to an interview at Fox Business, by the end of 2019, cryptocurrency could hit a new historic high.