Cryptocurrency EOS showed a rapid rally through the last week, breaking the previous high reached $22.49. So, its average rate has increased by more than 80%, leaving all participants in TOP-10 rating far behind.
The cost of bitcoin grows due to the fact that the coin got rid of the "dirty" reputation and attracted large investors. Capitalization of the cryptocurrency market can easily reach $40 trillion. This, in an interview with Bloomberg said the head of the hedge fund Pantera Capital, Dan Morehead.
The quarterly reporting period for the world's largest corporations is coming to an end. The transfer of capital to the cryptocurrency market associated with this event marked a new growth cycle and a short correction afterward.
Tuesday, April 24th, the price of the first cryptocurrency rose above $9,250, thus renewing the 6-week maximum. The last time on these marks, BTC price, according to the data of Coinmarketcap, was on March 14th.
The second week in a row passes under the sign of the growth of the main cryptocurrency. A mark of $9,000 was reached on Saturday, April 21st. Currently, the bitcoin price is not in a hurry to drift down significantly, it is re-testing this psychological level.
The Bitcoin Cash (BCH), created as a result of the hard fork from bitcoin in August 2017 on Monday, April 23rd, rose above $1,300, thus reaching the markings on which it last traded in the first decade of February.
Capitalization of the digital currency market as a whole has grown from $275 billion to $335 billion since April 12th in anticipation of the crypto market recovery.
Recent events in the currency markets led to a sharp rise in gold prices, while bitcoin price, although also is growing in recent days, shows yet more modest results.
The past week was marked by an increase in the price of bitcoin and Ethereum, and many other altcoins. A weekly candle, at last, looks positive for bulls. Most likely, the bulls will want to continue their ascent, and the price will continue to go up.
An overnight surge in bitcoin prices reignited optimism among cryptocurrency watchers, and the biggest bitcoin bull on the street says the crypto could more than triple this year.