The cryptocurrency market is explosively bullish on Thursday led by Bitcoin. Across the board, cryptoassets have recorded gains in double-digit figures. For instance, Bitcoin is up 17.25% in the last 24 hours. It is trailed closely by TAGZ following a 17.18% growth. Other double-digit gainers include Ethereum (12.48%), Bitcoin Cash (11.86%), Bitcoin SV (14.84%) and EOS (10.87%) among others.
Bitcoin Price Update
Bitcoin price has advanced higher 5% on the day to trade at $9,227. An intraday high was been achieved at $9,301 (currently the short term resistance). In spite of the lower adjustment, Bitcoin price remains in a bullish trend. At the same time, high volatility levels hint that more upward action is possible. For bulls, trading above $10,000 before halving in May would set the stage for gains towards $20,000. Therefore, containing the accrued gains above $9,000 is a key factor to moving in the direction of $10,000.
Ethereum Price Update
The world’s largest altcoin has not been left behind by the bullish wave. In fact, it is among the most improved digital assets since the price crash on March 12. ETH/USD break above $200 has been instrumental to the progress made in the last 24 hours. Moreover, trading above $220 has shifted the focus to $230 and $250 levels respectively. At the moment, Ether is valued at $223 after a 3.82% intraday gain.
Ripple Price Update
Ripple price was the first to breakout on Tuesday among the top three. Following a period of consolidation above $0.19 support, XRP soared to highs touching $0.22. However, the bullish wave across the market on Wednesday sent the price to new April highs past $0.23. Higher support is being sort to ensure that recovery continues past the previous month high at $0.2491.
Chart Of The Day: BTC/USD Daily
