Bitcoin becomes one of the top performing assets in the global market

20 Apr, 2019
by Richard Allen
Bitcoin
Bitcoin becomes one of the top performing assets in the global market

A recent tweet by @charliebilello has revealed that Bitcoin has narrowly beat oil to become one of the best-performing assets in the global market.

Bitcoin’s price surge in early April resulted in a dramatic turnaround in market sentiment, with investors generally expecting the market to slow down. Bitcoin has continued to climb in value, currently sitting above $5,300 representing a 32% increase in price over the last month.

Bitcoin’s continued increase coupled with the impressive performance of BNB over the past several days has resulted in around $70 billion added to the market since February. As CCN reports, Binance Coin has risen by 322% against the US dollar since January, making it the first cryptocurrency to break its all-time high since 2017.

In an interview with CCN, the Binance team said that it encourages projects not relying on smart contracts to migrate to the newly-launched Binance Chain in the near future. Projects such as Mithril have already done so, resulting in impressive price spikes.

 

Chart provided by Tradingview

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is now LIVE in Blockfolio! This is how you receive our latest news in your portfolio tracker!  

Read more about: Bitcoin (BTC)

Poll

Altcoins or Bitcoin?

(230 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage