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Bitcoin storms higher, rises 20% and peaks $ 5,000 for the first time in 2019




Bitcoin prices rose Tuesday, rising by as much as 20% by trading over $ 5000 for the first time since November 2018.

Bitcoin

BTCUSD, + 14.36%

changed hands to $ 4,765.85 in the last action, up 14.9% since Monday's level at 17.00. Eastern Time. Cryptocurrency hit a rise of $ 5.061, a gain of 22.9% on the day.

The market value of all cryptographic curves increased by more than $ 15 billion in less than 90 minutes on Tuesday, according to data from CoinMarketCap.

Read: Bitcoin jumped up to 20%: Here's what experts say about the move

What are analysts saying

After months in doldrums, bitcoin aficionados have been awakened with more now calling December 201[ads1]8 near $ 3,200 as a long-term bottom.

"Having been in the territory of the bears, it is a growing sense that bitcoin is back. I now call that the market has bottomed out and the so-called crypto winter has ceased," says Nigel Green, CEO of DeVere Group, a UK consulting firm. 19659004] "I think bitcoin is moving higher over the next few weeks and months, giving stable gains to investors. As the largest cryptocurrency at market value, this will have a positive impact on prices in the broader crypto sector, Green says.

Bitcoin Cash explodes through $ 200

Bitcoins surge drives altars, the group other coins than bitcoin, higher. ether

ETHUSD, + 11.08%

The second largest digital currency by market value rose 11% to $ 156.19, Litecoin

LTCUSD, + 18.36%

added 18.2% to $ 71.10, Bitcoin Cash

BCHUSD, + 28.29%

broke out, traded 30% higher to $ 216.20 and XRP

XRPUSD, + 8.79%

traded at 34 cents, up 9% on the day.

Bitcoin futures opened sharply higher on Tuesday. The Cboe April contract

XBTJ9, + 14.55%

got 14.9% to $ 4,740 and the CME April contract

BTCJ9, [14459006] + 14.55%

added 15.2% at $ 4,750.

Read: The crypto market is healthier than you probably think, so this chart says

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