In the latest cryptocurrency news, we are reporting a new positive increase. As the latest news show, the crypto market surges to a new five-month high mostly driven with Bitcoin and its positive trajectory over the past few days. This proves a great start to the weekend and shows that the bears are going in the holes and preparing for a big sleep as markets hit fresh 2019 highs.
Right as the crypto market surges, Bitcoin is again the dominating factor as it grinds even higher and pushes towards $6,000. Right now, over billion has been added to the crypto assets over the past 24 hours which pushed market capitalization to a new five month high.
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As a lot of best cryptocurrency news sites shared, Bitcoin started fresh when surging from $5,400 days ago to a new high of $5,884 which is the 2019 yearly high right now – right before the dominant cryptocurrency moved back to the $5,800 area which is where it trades right now. The crypto market surges were also aided by a couple of other cryptocurrencies such as Bitcoin Cash and Litecoin.
In the coming altcoin news, we are featuring these cryptocurrencies as the leaders along with Bitcoin. As analysts noted, the fact that the crypto market surges also led Ethereum to rise but only marginally – pushing past $165. There is still a movement that is expected for ETH over the next few days.
The altcoins which were actually pushing higher in the five-month market high included Bitcoin Cash (BCH) which rose to $295 and Litecoin and its solid run which saw it approach $80 once again, gaining more than 5% on the day. The rest of the market has made a couple of percent extra but Binance Coin and Cardano are still flat.
Right as the crypto market surges, the fear of missing out (FOMO) is greater and greater. Simply put, investors know that there is a bull run and are making most of it – while people who don’t own cryptocurrencies desperately want in. So far, there are no big drops at the moment but the worst performing altcoins in the altcoin news section include Zilliqa, Maximine Coin and Ravencoin, all losing over 4% on the day.
The total market capitalization is at a new 2019 high of $188 billion.
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