Cryptocurrency Market Surges this Week
On Monday, April 15, 2019, the cryptocurrency market got uplifting news that a further $5 billion has been returned to crypto assets and that the market space once again has the chance to reach previous heights of $180 billion.
Bitcoins value remained the same for the better part of the weekend, staying around $5,100 in value. However, already on the first day of the week Bitcoins value has grown by 2.3% and is now worth $5,180.00.
Ethereum however, is moving slower in its growth. It has jumped by 2%, reaching nearly $170 in value. However, it is expected that this cryptocurrency won’t be able to hold its pace and will average $165 by the end of the week.
Currently, Bitcoin sits at fourth place in the market. Two Alt-Coins have surged dramatically in the Asian trading market on Monday, allowing for them to take the 2nd and 3rd spots for this week. However, this week has seen Bitcoin Cash jump by a whopping 10%, allowing for them to take the 1st place spot for growth this week. It isn’t surprising that Bitcoin Cash is outpacing its big brother and analysts expect the growth to continue dramatically over 2019.
The two Alt-Coins that has been making a comeback this week is Ontology and Tezos. The two of these have been able to make a dramatic comeback, rising in value each day by 5% to 6%. All other Alt-Coins are growing only by 3% to 4% each week.
The Total Crypto-Market Growth this Week
The growth for the cryptocurrency market grew dramatically over last week and this weekend. It reminded investors, traders and brokers alike of the Bitcoin days of old. The crypto-market has seen a $5 billion growth overnight, reaching a total value of $176 Billion. The momentum is beginning to ramp up, and it’s expected that the previous height of $180 billion can be surpassed finally. The help of Alt-Coins and Bitcoin Cash will create a dominance in the market space that could see a rise like never before.
Haydn Franklin
