2019 searches for the markets for bitcoin and cryptocurrency. On April 10, a new annual high was set.
The total market capitalization of the cryptocurrency has been severely disrupted in recent months. Several old coins – such as DASH (DASH), Zcash (ZEC) and others – saw their ratings rise before Bitcoin reached $ 5,000 on April 2nd.
The market capitalization of all cryptocurrencies reached over $ 186 billion five days ago
& # 39; Sustained Stabilization & # 39;
Prices have cooled off and been corrected, but now they seem ready to take over if buyers should take control earlier this week.
After the false break earlier this week, cryptos have taken a step backwards, "said Matbes Greenspan of eToro, As Forbes noted. "The fact that we did not go up further speaks volumes about the current appetite, but this does not necessarily mean it will go back, as many bears have hinted," Greenspan added:
In fact, that's mine The most likely scenario is that we are now creating a new range or even hopefully sustainable stabilization … The market is obviously still excited.
Although Greenspan and Others Were Eligible The price action of the cryptocurrency market prior to April 2 was termed "altseason." It should be noted that the dominance of Bitcoin (BTC) has remained constant throughout the year.
In fact, Bitcoin's dominance has fallen below 50 percent once on April 3, when it fell to 49.98 percent.
Bullish on Bitcoin (BTC)
Many analysts have recently returned to the spotlight to share their new-found bullishness on the market leader in the cryptocurrency. For example, Xapo CEO Wences Casares believes it would be "irresponsible" for an investor not to own at least one percent of Bitcoin – citing the idea that cryptocurrency may be more effective than the Internet, in the first place.
Bitcoin permabull Tom Lee also claims that the mood has shifted around Bitcoin, while predicting that the cryptocurrency will reach $ 10,000 by the end of the year.
Even Binance Research has submitted data indicating a low point for Bitcoin and Brothers. 19659003] What do you think of Bitcoin and the cryptocurrency market in April? Do you think we have seen the ground or are we in more pain? Tell us your opinion in the comments below!
Images courtesy of CoinMarketCap, Shutterstock.