BTC Hits $4,800 for the First Time in 2019, Top Crypto Markets See Double Digit Growth Cointelegraph By Ana Berman Tuesday, April 2 — Bitcoin ( BTC ) has pushed over $4,500 for the first time this year, while top crypto markets are solidly in the green for the second day in a row, some seeing major 24-hour growth. Market visualization More Market visualization from Coin360 The price of BTC skyrocketed, gaining more than 14 percent in the space of one hour early Tuesday. Hovering around $4,650 at press time, the coin peaked at $4,849 early on April 2, according to CoinMarketCap stats, before dropping slightly and trading sideways to press time. In comparison to yesterday’s charts , when BTC’s price was hovering around $4,100, the market capitalization of the world’s top coin has gained almost $10 billion, totalling $82 billion by press time. BTC is currently up about 13 percent over the past 24-hours. Bitcoin 24-hour price chart More Bitcoin 24-hour price chart. Source: CoinMarketCap Ethereum ( ETH ), the second-ranked cryptocurrency by market cap, is also solidly in the green, seeing about 6 percent in gains on the day.
The coin is now trading at $150 in comparison to yesterday’s $140, while its market cap is over $15.
8 billion at press time. Ethereum 24-hour price chart More Ethereum 24-hour price chart.
Source: CoinMarketCap Ripple ( XRP ), currently the world’s third largest cryptocurrency, is also up 6 percent today, trading around $0.33 by press time.
The coin’s market cap has gained about $900 million within a day, reaching $13.8 billion at the peak earlier today. Ripple 24-hour price chart More Ripple 24-hour price chart. Source: CoinMarketCap The total market capitalization of all cryptocurrencies has significantly increased during the sudden market surge today.
While yesterday’s highest point was at $146 billion, today’s peak was at $163 billion, declining to $159.4 billion at press time.
24-hour total market capitalization chart More 24-hour total market capitalization chart. Source: CoinMarketCap As for other altcoins , all top 20 currencies except Tezos ( XTZ ), ranked 19th and down 4.4 percent, are currently in the green, with many seeing double digit growth on the day. Litecoin ( LTC ), Cardano ( ADA ), Tron ( TRX ) and Monero ( XMR ) have seen the most significant gains today, all growing over 10 percent, while other altcoins are up 5 to 10 percent to press time. At the same time, Tether ( USDT ), the fiat -pegged stablecoin with the highest trade volume, has recently hit an all-time high by the number of daily transactions , according to blockchain data provider Coin Metrics . As BTC’s price surged this morning, the industry is discussing a prediction made by crypto trader and investor Josh Rager of TokenBacon.
In a tweet from Rager on March 31, he stated that the next BTC cycle should peak at $150,000 by 2023. Some are sceptical about the optimistic forecast, while others recall even more optimistic outlooks on BTC hitting $200,000 and more in the future. In other crypto industry news, major American cryptocurrency exchange Coinbase has recently expanded into cross-border payments. Its customers can now transfer funds to any user with a Coinbase account around the world using XRP and the exchange’s stablecoin , USDCoin (USDC), with no fee.
Meanwhile, a recent report published by SwissBanking claims that the fintech sector in Switzerland , including distributed ledger technology firms and crypto-related businesses, continues to grow, while traditional financial institutions are stagnating. Related Articles:.
