Bitcoin Trades Over $5,000, is the Next Bull Run Knocking?
Bitcoin (BTC), the flagship cryptocurrency, has hit double-digit gains in the first 90 days of 2019, scoring its top quarterly performance since the fourth quarter (Q4) of 2017. Bitcoin is currently trading at $$4,766.06, with a market cap (MC) of $84.141 billion. The total MC is at $162.649 billion.
Bitcoin Trading Below $4,000 Amidst Bearish Crypto Market
The 24-hour Bitcoin (BTC) price has remained relatively stable trading above $4,000 level for a few consecutive days, but it has failed to hit the key resistance level at $4,200. At press time BTC/USD is trading at $3,962, with a market cap of $69.787 billion and the dominance of 50.9%.
Bitcoin Price Hits $4,000: is This the Start of a Bull Run?
The short-term rebound on February 19, saw Bitcoin surge to the $4,000 price level, leaving several cryptocurrency investors hooked and some analysts keeping their attitude inert. Bitcoin could “melt our faces off” in the long run with an amazing rebound.