Altcoin Analysis: Bitcoin Passes $4,000 Mark — Is It Going to Continue Up?
BTC course went up again. In the last 24 hours, Bitcoin increased significantly, the important $4,000 was passed and analysts believe it will only go higher.
The entire market has been on the upswing for about a week, with Ethereum achieving double-digit price gains. Thus, the ETH passed XRP and is now the second most valuable cryptocurrency according to market cap again. Overall, the total market capitalization went up by 9 percent compared to the previous week.
However, Bitcoin is still crucial: Bitcoin is the first cryptocurrency and with a 2,3 percent plus, the BTC is holding back the psychologically important $4,000 mark, which analysts see as a start signal for a rally up to $5,000. Most of the altcoins are currently on green.
Author: Marko Vidrih
Chart via TradingView