RATE Group | Market Outlook: Crypto Market Prices Rally Ahead of Bitcoin Halving, BTC Up $1K in 24 Ho…
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Market Outlook: Crypto Market Prices Rally Ahead of Bitcoin Halving, BTC Up $1K in 24 Ho…

24 May Market Outlook: Crypto Market Prices Rally Ahead of Bitcoin Halving, BTC Up $1K in 24 Ho…

Posted at 08:16h in Bitcoin News by

Cryptocurrency markets are bullish on April 29, as BTC prices have spiked over 11.8% in the last 24 hours touching a high of $8,740 per coin during Wednesday’s trading sessions. Bitcoin has gained 130% in value since the market rout on March 12 otherwise known as ‘Black Thursday.’ Many believe the cause behind the higher price is due to the pending Bitcoin Halving expected to take place on or around May 12, 2020.

Bitcoin Markets Jump Significantly in Value, $1K in a Day

The overall market valuation today for all 5,000 crypto assets in existence is roughly around $251 billion (1/4 of a trillion) and BTC’s market cap captures $153 billion of that number. Slowly and steadily, BTC prices have continued to rise during the last week breaking past a few crucial resistance zones. At press time, the price per BTC is around $8,639 per coin and the crypto asset is up over 11%. BTC is up 21% for the last seven days, 35% for the last 30 days, and 60% for the year so far. 90-day…

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