Bitcoin breaks $4000! And is now fighting to stay there or push higher

19 Feb, 2019 | Updated: 19 Feb, 2019
by Jelmer van der Dussen
Breaking News
Bitcoin breaks $4000! And is now fighting to stay there or push higher

Is the time of the Bitcoin recovery here? $BTC has broken the $4000 mark for the second time this year just now, and is trying to stay around these levels or push even higher, with the current price sitting at $3980. 

The surge is the result of a highly positive sentiment in the market the last few days. In a wave starting on Sunday February 2017, Bitcoin climbed from $3600 to its current levels around $4000. In this last push, Bitcoin was trading above $4000 for 15 minutes, before dropping back to $3980. BTC is now fighting to stay above $4K for a longer period (alright, let's just assume permanently), backed by good volume still.

Read more: Where is Bitcoin and Ethereum going next? Is the next bull run in sight?

While Bitcoin is climbing steadily, altcoins are on the run for days in a row already. Today, XRP and Stellar take the spotlights in the top 10, gaining 8% and 12%. Ethereum Classic (8%), TRON (5%) and NEO (5%) are also making gains in the last few hours. Yesterday, coins such as Ethereum and EOS were the best performers of the day, surging 20% and at some point even over 30%.

Trading volume in the crypto market reached a 10 month high earlier today, with a daily volume of $34.7 billion. The trading volume of Ethereum is the highest since the first week of February, 2018.

It's the second time this year Bitcoin breaks $4000. On Sunday January 6, BTC went from $3800 to $4060, only to drop back to $3670 a few days later.

The total cryptocurrency market cap gained $15 billion in the last few days, and now sits at $135 billion.

In an interview with Chepicap, Bitcoin bull Anthony Pompliano remained calm about the price of Bitcoin, stating that there is a '50 percent chance BTC will close the year below $5000'. 

WATCH: 'Bitcoin Bull' Pomp predicts price of BTC in 2019

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Read more about: Bitcoin (BTC)


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