Bitcoin close to breaking $6000 while Ethereum explodes with over 10% gains

Bitcoin price

For the first time in months, the Bitcoin price has broken through the $5,900 mark. Looking at data from Coin360, the market is flushed in green, with the majority of all cryptocurrencies showing positive increases following Bitcoin’s spike.

Bitcoin price

Bitcoin price

Over the past seven days, Bitcoin has sailed past points of resistance breaking through the most recent $5870, finding new support. This time a week ago, Bitcoin price was $5,231.46, and it has gained over $700 to see $5,927.09. Although there is an air of caution; sentiment surrounding the token is high which could push Bitcoin above the $6000 mark for the first time since the market crash in November. At the time of writing, Bitcoin has gained 3,84% in day-on-day trading.


bitcoin price

Ethereum price

Ethereum price has shot up following Bitcoin’s price. Boasting a day-on-day trading volume increase of 10.20%, the leading altcoin is one of the highest gaining tokens, along with Tezos, Monero, and Qash.

In the last week, Ethereum has risen from a low of $156.94 to see a high price of $180.39. Currently, the price is at $177.20. Although this is not the week’s highest point, it does show the healthy increase that Ethereum has made along with Bitcoin’s surge.

Ethereum price

Ripple price

Ripple XRP, which does not usually follow the trend of Bitcoin as closely as Ethereum, has also seen a small change in price for the positive. At present, Ripple is trading for $0.305558, which is a 2.43% increase in day-on-day trading. Over the past seven days, Ripple price has seen a low of $0.293943 compared to a high mark of $0.315657.

Ripple price

Is the Bitcoin pump related to Consensus 2019?

With the cryptocurrency and blockchain conference Consensus New York coming up next week, it’s possible that the surge in price is a pre-Consensus pump. In May 2018, we also saw the price of Bitcoin rise around the time of the conference. If this is the case, we might see a recorrection in price around June this year.

Related Articles

The United States releases new crypto bill

The United States House Financial Services Committee has released the third draft of a stablecoin bill for crypto regulation.

The EU looks to blockchain for verification processes

The European Commission aims to use blockchain technology to streamline the cross-border verification process for credentials.

US SEC slaps Binance with a 13 charge lawsuit

The United States Securities and Exchange Commission files a lawsuit against leading crypto exchange Binance.

Bitcoin ATMs increase after months of downtrending

After four months of declining figures, the number of Bitcoin ATMs across the world increased significantly in May.

See All