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After over four months of rangebound trade, bitcoin has finally broken out and has gained over 20 percent in the last couple of days. On April 2, the oldest cryptocurrency surged over 13 percent, according to the data on CoinMarketCap. This marks one of the biggest one-day gain since April last year.
The cryptocurrency, at some exchanges, also touched $5,000. On the Luxembourg-based Bitstamp exchange, bitcoin rose as much as 20 percent in Asian trading to briefly touch the $5,000 mark before settling at $4,730 by 0700 GMT, Reuters reported.
At the time of writing this article, bitcoin was trading at $4,675.54, according to CoinMarketCap. This market cap of bitcoin has got fatter by about $10 billion in the last two days, at $82 billion.
Bitcoin touches $5,000, surges 20% in 2 days; other cryptocurrencies follow
Bitcoin touches $5,000, surges 20% in 2 days; other cryptocurrencies follow
After over four months of rangebound trade, bitcoin has finally broken out and has gained over 20 percent in the last couple of days. On April 2, the oldest cryptocurrency surged over 13 percent, according to the data on CoinMarketCap. This marks one of the biggest one-day gain since April last year.
The cryptocurrency, at some exchanges, also touched $5,000. On the Luxembourg-based Bitstamp exchange, bitcoin rose as much as 20 percent in Asian trading to briefly touch the $5,000 mark before settling at $4,730 by 0700 GMT, Reuters reported.
At the time of writing this article, bitcoin was trading at $4,675.54, according to CoinMarketCap. This market cap of bitcoin has got fatter by about $10 billion in the last two days, at $82 billion.
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