On May 4th, Bitcoin declined slightly from the previous day, recording around $8,700 at various exchanges including Upbit, Binance, BitMEX and Bithumb. Nevertheless, it is relatively stable these days with only insignificant fluctuations.
Expectations are growing that Bitcoin (BTC) will increase further thanks to the halving that is approaching in less than two weeks. The current situation is convincing that the halving has a positive effect on the market.
In the past 24 hours, Bitcoin (BTC), the market's number one digital currency, has continued to increase slightly, changing hands at around $7,788. Bitcoin may be preparing for another massive bull run like that happened sometime back.
The cryptocurrency market is showing an overall upward trend on April 26. Six of the top 10 cryptocurrencies by market cap surged, and four are lighting red indicating a fall. Bitcoin (BTC) aims to touch the $8,000 mark.
Bitcoin is closing the week as it progresses through the consolidation process in the rising trend on April 24. Cryptocurrency traders and hodlers are focusing on the upcoming halving. The overall mood and technical indicators of the market are positive.
Many popular cryptocurrencies, including Bitcoin (BTC), have opened the week in the red and BTC has receded to a little bit over $7,000 after it touched $7,300 mark. However, the market prices are on the right track to rally.