The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Bitcoin overleaps 5,512.9
On Tuesday, Bitcoin managed to overleap the $5,512.9 mark.
As a matter of fact, the number one cryptocurrency, Bitcoin hit 5,512.9 on the Investing.com Index, heading north by up to 5.16%. The given reading happened to be the most impressive one-day percentage ascend since April 2.
In fact, the move upwards pushed Bitcoin's market capitalization up hitting $94.3B, which appears to be 52.12% of the overall crypto market capitalization. By the way, at its highest value, this digital coin’s market capitalization accounted for $241.2B.
For the last 24 hours, Bitcoin had fluctuated in a band of $5,291.4-$5,573.3.
For the last week, Bitcoin has faced an ascend in value, so it tacked on by about 4.83%. Eventually, the overall volume of Bitcoin traded for the twenty-four hours to time of writing amounted to $13.2B that stands for 31.69% of the overall volume of all digital coins. For the last week, the most popular crypto asset has fluctuated in a band of $5,165.5171-$5,573.3140.
By the way, at its current value, the most popular digital currency is still down 72.26% from its all-time peak of $19,870.62, which was achieved on December 17, 2017.
In addition to this, on the Investing.com Index, Ethereum hit $175.11, soaring by up to 3.44% on the day.
Aside from that, on the Investing.com Index, XRP was worth $0.32560, thus demonstrating a 0.22% leap.
As for Ethereum's market capitalization, last it amounted to $18.4B, which stands for 10.17% of the overall crypto market capitalization. Additionally, XRP's market capitalization managed to reach an outcome of $13.9B, which amounts to up to 7.67% of the overall cryptocurrency market value.
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
Bears finally took over the cryptomarket and pulled the price for BTC down.
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