Crypto Market Posts Major Recovery As Bitcoin Jumps 13% To Surge Over $4700

02. Apr 2019 Posted by Akolkar B on News

After consolidating over the last few weeks, Bitcoin and the overall cryptocurrency has posted a massive recovery today, i.e. April 2, 2019. In the last 24-hours, Bitcoin (BTC) price has jumped by nearly 20% making a high of $4922.92 according to our data on WorldCoinIndex.

At the press time, Bitcoin is trading 13.55% up at a price of $4784 with a market cap of $84.2 billion. With this, the world’s largest cryptocurrency still continues to dominate a 50% share in the overall crypto market.

After undergoing a prolonged bear trend since January 2018, today’s price has finally given some hope to Bitcoin investors and enthusiasts. Also, the price recovery comes just at a time when the cryptocurrency market was witnessing dried-up volumes and major slowdown.

With today’s price movement, the analyst predicts that Bitcoin is all set for achieving the $5500 in the short term.

However, today crypto market resurgence is not just about Bitcoin. Almost, each of the top-20 cryptocurrencies is showing gains between 5-15% range.

At the press time, Ethereum’s (ETH) price if 6.47% up trading at $153 and with a market cap of $16.15 billion. Over the last one week, Ethereum has shown steady gain of 15%. Ethereum still continues as the second most-valued digital currency after Bitcoin.

Ripple (XRP) has also shown modest gains of 4.87% today. At the press time, XRP is trading at $0.32 with a market cap of $13.97 billion.

Litecoin (LTC), on the other hand, continues its bullish rally gaining 10.67% in the last 24 hours. In the last three months, Litecoin’s has gained over 100% adding up hugely to its investors wealth. At the press time, Litecoin is trading at $68 with a market cap of 4.15 billion.

EOS maintains its position as the fifth-largest cryptocurrency in the market with 7.74% gains and is trading at a price of $4.59 with a market cap of $3.50 billion.