Welcome, we offer 24hrs Updates on Trending Naija News, Global News, Gossip, Events, Interview & Much More…

Bitcoin rises again! USD10K in sight as cryptocurrency surges 36% in April

2 min read
Image result for bitcoin
Bitcoin, showing a strong performance in April, gained 36% from its April 1 low to reach closer to the mount $10,000. At the start of the month, the most valuablecryptocurrency had touched a low of $6,526 and it has gained $2,336 in since.

If the steady rise in its price continues, by the end of the month, bitcoin is expected to climb to $10,000 which it last touched on March 8.
A similar growth can be seen in other major cryptocurrencies as well. The graphs of Ethereum and Ripple almost mirror each other. Ethereum has gained $225 to register a 56% growth in last three weeks. Similarly, Ripple has surged over 68% in last 21 sessions.
Other minor cryptocurrencies which are also known as altcoins (short for alternate coins) have also grown rapidly in April with a few exceptions. Two of the coins which have not followed the growth pattern exhibited by others are Tether—which has a history of being comparatively more volatile—and Verge.
Not surprisingly, the market capitalisation of the currencies has also seen a tremendous growth. The market cap of the whole cryptocurrency market added over $120 billion in last three weeks which is about one-third of the capitalisation it has lost in the first quarter of 2018.
In the first three months, the capitalisation of cryptocurrency market sank to $270 billion from $612 billion at the start of the quarter. Bitcoin had also shed more than half of its value. On March 31, it closed at 65 percent below its all-time high exchange rate of $20,089 which it had attained on December 17, last year.
The world’s first cryptocurrency opened the first quarter at $14,112 and closed it at $6,973, reaching a quarter high of $16,537 on January 8. The currency had lost $119.9 billion in market cap in this period.
(All data courtesy of CoinMarketCap)
From Toktok9ja Media

The views expressed in this article are the writer’s opinion, they do not reflect the views of the Publisher of TOKTOK9JA MEDIA. Please report any fake news, misinformation, or defamatory statements to

Leave a Reply

Your email address will not be published.