Bitcoin has reached a new high of this year. Since the past few days, BTC was found to be fluctuating between $5300 – $5350 brackets. Today the world’s largest crypto has managed to break through this resistance and reached $5639 mark. It is definitely great news for the crypto traders who were long waiting for this shoot-up, but as any crypto rates climb upwards, so does the resistance level becomes tighter. It would be interesting to see if the crypto can manage to beat the next resistance level and what all the year 2019 has in store for us.
The market cap of BTC is naturally growing stronger as a result of the recent growth. The current market capitalization of the crypto is 180 Billion U.S. Dollars. On the crypto charts, the cryptocurrency has surged up and gained 7 percent growth and is getting closer to the much awaited ‘golden cross’ of two hundred days moving average. One can expect that the next breakthrough should be around $6K if the same momentum continues.
At the press time, the current rate of BTC was $5,564.70 USD with the growth rate of 4.66 percent or 1.00000000 BTC. The market capitalization of the crypto has been $98,277,350,913 USD or 17,660,862 BTC. In the past 24 hours, the world’s largest crypto recorded a market volume of $16,338,264,686 USD or 2,946,661 BTC. The circulating supply of the cryptocurrency was 17,660,862 BTC with the maximum supply of 21,000,000 BTC.
BTC and altcoins-
Although this year altcoins were making the headlines everywhere in the crypto land, the moves which BTC has made have again made it clear about who is the boss of the market. BTC still dictates the crypto market.
Altcoins have also been showing a lot of strength in the past weeks. For instance, Litecoin LTC met its Golden cross in mid-March when its prices started to see strong growth of 37.5 percent. Currently, the market price of LTC is $78.77 USD or 0.01420387 BTC. The market capitalization of Litecoin is $4,841,583,839 USD or 873,012 BTC. In the past 24 hours, the volume of the crypto has been $2,922,783,674 USD or 527,023 BTC. The current circulating supply of the coin is 61,462,959 LTC, whereas the maximum supply was 84,000,000 LTC. There are predictions going around about LTC that it might lead the crypto market in the coming times.
Ethereum showed stability when compared to the U.S Dollar. Currently, the market price of ETH is 175.35 U.S. Dollars with a growth rate of 2.53 percent, or 0.03164989 BTC with a growth rate of (-2.01%. The market capitalization of the coin has been $18,548,175,407 USD or 3,347,805 BTC. If we look at the past 24 hours market volume of the crypto, then it was $6,998,024,850 USD or 1,263,090 BTC, whereas the circulating supply of the coin was 105,776,201 ETH.