{"id":378696,"date":"2019-04-16T21:00:45","date_gmt":"2019-04-16T21:00:45","guid":{"rendered":"https:\/\/uniquehot.com\/?p=378696"},"modified":"2020-10-07T11:27:23","modified_gmt":"2020-10-07T11:27:23","slug":"crypto-market-surges-again-bitcoin-and-other-assets-having-another-green-day","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-market-surges-again-bitcoin-and-other-assets-having-another-green-day\/","title":{"rendered":"Crypto Market Surges Again: Bitcoin and Other Assets Having Another Green Day"},"content":{"rendered":"

Bitcoin and most of crypto is surging once again. The entire market capitalisation<\/a> for all digital assets has risen from a daily low of $171.33 billion to over $176.5 billion at the time of writing.<\/p>\n

Whilst this week has certainly been a dramatic<\/a> one in terms of news events, there is nothing immediately apparent that has driven this latest bout of investor optimism. Almost every digital asset is up over the last 24-hours, with a couple of notable exceptions.<\/p>\n

Bitcoin and Leading Cryptos Post Gains Almost Across the Board<\/h2>\n

Bitcoin and other digital assets are having another good day following a brief lull in recent upwards momentum. As recently as midnight last night, the leading digital asset by market capitalisation was hovering just above the $5,000 price point. Since then, the Bitcoin price has made a dramatic move upwards to its price at the time of writing of $5,225.<\/p>\n

Other crypto assets have fared similarly. The second largest digital asset by market capitalisation, the native currency on the Ethereum<\/a> blockchain, has posted larger percentage gains over the last 24 hours. It traded at close to $162 as April 16 began. It has since surged to almost $170.<\/p>\n

In fact, the only cryptos in the top twenty by market cap to not post gains of at least one percent over the last day were XRP, USDT (Tether<\/a>), and Bitcoin SV. Meanwhile, some performed even better than Bitcoin and Ethereum. The likes of Tezos (XTZ), and Monero<\/a> (XMR) have seen the size of their markets expand by 5.68 and 4.69 percent respectively.<\/p>\n

The continued upwards momentum lends support to those crypto proponents that have been saying Bitcoin has finally bottomed after the crypto bear market of 2018. However, many are still calling for the price to retrace<\/a> back to somewhere in the $4,000 to $5,000.<\/p>\n

BCHSV: The Elephant in the Room<\/h2>\n

On an almost universally green day, there is one cryptocurrency that stands out as having a much rougher time than the rest of the market. That is of course the side of last November’s Bitcoin Cash hard fork that is championed by Australian computer scientist Craig Wright and online gambling entrepreneur Calvin Ayre.<\/p>\n

Tweets by PeterMcCormack<\/a>