The Bitcoin Rate Has Grown Above $ 9000.

Since mid-March, Bitcoin has risen in price by 140%. The price of Ethereum has risen even more. 99 of the top 100 leading cryptocurrencies by capitalization are in the “green zone”

Bitcoin has risen in price to $ 9,200. During the day, its price increased by 18%, and after a decline in March to $ 3800 – by 140%. In 24 hours, the trading volume of the asset increased by 90% and reached $ 64 billion. BTC’s share in the cryptocurrency market is 65.3%.

Altcoin Growth

Along with bitcoin, altcoins have also risen in price. Ethereum now costs $ 211. During the day, its rate has grown by 13% and compared with the March minimum of $ 86 – by 160%. The price of the XRP token grew to $ 0.234. Over the past 24 hours, it increased by 8.7%, in a month and a half – by 130%. 

Of the first hundred cryptocurrencies by capitalization, Streamr DATAcoin showed the largest growth. During the day, its rate increased by 57%, to $ 0.076. DATAcoin is available on Bitxmi Exchange for trading paired with ETH. In this list, 99 out of 100 coins are in the “green zone”, only Komodo has fallen in price – by 3.4%. 

Total Сapitalization

Cryptocurrency market capitalization reached $ 226 billion. In March, it fell to $ 120 billion, its growth since then amounted to 88%. Meanwhile, until the main event in the bitcoin network this year, the halving is 12 days away. According to the bitcoinblockhalf.com counter, the BTC mining reward reduction will occur on May 13 at midnight.

Bitcoin Long-Term Forecast

Real Vision economist and CEO Raoul Pal forecasts Bitcoin to rise in price to $ 1 million over 5 years. And become the future of the financial system. The cost of gold over the same period will increase 5 times, and its capitalization – up to $ 15 trillion, the entrepreneur is sure.

The venture capitalist and famous crypto investor Tim Draper said that the Bitcoin exchange rate will rise to $ 250 thousand by the end of 2022, possibly by the beginning of 2023. Entrepreneurs will benefit from working with digital money rather than using Mastercard and Visa. Because it helps save on commissions.

Follow our news website to be the first to know all cryptocurrency news

Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.