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
Provides critical information for the US trading day. Subscribe to MarketWatch's free need to know newsletters. Register here.
