Watch bitcoin trade live.soared more than 23% Tuesday morning to above $5,000, its best level since November. Its stay above the $5,000 mark was brief, however, and the cryptocurrency was trading up about 15% near $4,876 at 6:58 a.m. ET.
The buying ran the cryptocurrency to a market cap of $85.45 billion, making it more than four times as large as its rival Ethereum, according to"It looks like April Fools' Day put the community in good mood," said Mati Greenspan, a senior market analyst at eToro. "The price passed the $4200 level to the upside overnight, a critical level that the market has been eyeing for a while. At this point, stop losses triggered a chain reaction and sent the price soaring. At the moment, bitcoin is trading above the 200-day moving average and if we see the price hold above $4,200 going forward, it could be a sign that we are finally out of the bear market.
Before Tuesday's surge, it had been a rather uneventful year for the cryptocurrency, with much of its price action trapped between $3,400 and $4,000. Investors in the digital currency saw its price explode in 2017 as crypto mania swept over the world. Bitcoin began 2017 worth less than $1,000 a coin before soaring by more than 2,000% to a high of $19,511. The next year was a different story, however with the cryptocurrency's value plunging by 70% in 2018, bottoming out at $3,136 in December.
Lambo. Here I go
Time to buy again?
bitcoin died