Bitcoin Tests $5,000: The First 2019 Recovery Is Here

The price of Bitcoin (BTC) has tested the $5,000 mark for the first time since November 2018 which is a good sign and definitely a nice headline featured today on our DC Forecasts crypto news site.

As you probably know, the crypto market is on the rise for the third day in a row and while some cryptocurrencies are seeing mild surges in prices, others are performing at their best in years.

Bitcoin (BTC) has obviously been always in the focus. Right now, the most dominant cryptocurrency is testing $5,000 after gaining 14% in price over the past 24 hours. It is also important to note that BTC spent a few hours above the $5,000 mark and peaked $5,043 at some point according to stats from CoinMarketCap.

As of press time, Bitcoin is trading sideways and is hovering below the $5,000 level. The market cap of BTC has gained over $1 billion compared to the yesterday charts, when Bitcoin was mostly trading around the $4,700 mark. Reaching around $88 billion during the night peak, the market cap of BTC currently totals at around $88 billion.

Ethereum (ETH) which is the largest altcoin out there, has entered the day in green and is recording up to 10% gains in 24 hours. While the coin’s rate was at $150 yesterday, today it is trading above $165 and is proving a stable momentum with a market cap that managed to gain $2 billion in a day and climb to more than $17 billion at press time.

Meanwhile, Ripple (XRP) which is third on the list of top cryptocurrencies, has also been on the rise for the third consecutive day. The coin is now trading at $0.34 after a small decline and correction. Despite that, its market cap increased by $1 billion since yesterday.

Right now, the total market capitalization of all cryptocurrencies is also seeing a surge in comparison to April 2 when it was $163 billion. Today, the market cap is at $173 billion and the highest point that it made has been at $176.9 billion according to stats.