Since the beginning of April 2019, the crypto spring seems to have erupted. Since the breakthrough of the BTC price to over $5,000 an ounce, the leading cryptocurrency has held above this important mark. Although we are currently seeing a sideways movement, April has apparently brought the end of the crypto winter. A new bull cycle could take hold in the second half of 2019.
At the time of writing, the Bitcoin (BTC) price is well above $5,400 and developed flat over the last 24 hours. More than $190M worth of BTC were exchanged in the BTC/USD market representing a 9.47% share of the global daily trading volume. The pair with most volume was the BTC/USDT (Tether) with a 78.2% share. The total BTC market cap is still well below the $100B mark (Source: CryptoCompare).
The Ethereum (ETH) price has dropped 0.8% over the past 24 hours and is currently sitting at $163, with some $60M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 4.2% market share of the daily trading volume. The largest ETH trading pair was the ETH/USDT (Tether) with a 50% share (Source: CryptoCompare).
FinTelegram, April 25, 2019, 12.30 BST