It took bitcoin less than a month to finally break above its former all-time high and paint a fresh one, perhaps ending the debate of whether the bull-run might have come to a halt.
BitcoinRocket
Less than a month after painting its previous all-time high on February 21st, Bitcoin has done it again. The cryptocurrency just surged past it and charted fresh highs. As of writing these lines, Bitcoin is trading above $59,000 according to Bitstamp.
The last month was quite the roller coaster in the cryptocurrency market, and it had many people question if the bull-run had come to its end.
Apparently, that’s not the case, as BTC price has been on an absolutely epic streak over the past week, painting green daily candles one after another.
The cryptocurrency managed to surge past its former ATH that we saw back on February 21st in a seventh consecutive daily green candle.
At the time of this writing, the price is trading at $59K, which is a 24-hour increase of 4% and a weekly increase of 18% according to CoinMarketCap.
BTC/USD, Bitstamp. Chart by TradingView
Bitcoin’s market cap sits well over $1 trillion, while the cumulative capitalization of the entire market is currently at around $1.76 trillion.
BTC’s dominance is around 61.5%, up almost 2% in the past few days.
This signals that the primary cryptocurrency is giving little to no breathing room to altcoins to capitalize on the leg-up, at least relative to Bitcoin.
Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
