Bitcoin Briefly Breaks New $5,300 Support as Traditional Markets Grow

Bitcoin Briefly Breaks New $5,300 Support as Traditional Markets Grow


Monday, April 8 — Bitcoin (BTC) and Ethereum (ETH) have continued gaining momentum, while most of the top 20 coins by market cap have plunged in the red today.

Ontology (ONT) and Bitcoin Cash (BCH) are seeing the biggest losses out of the top 20 coins, down 7.6 and 6.4 percent over the past 24 hours at press time, according to CoinMarketCap.

The largest cryptocurrency, Bitcoin, has continued to climb today, with its price reaching as high as $5,315 earlier in the day. At press time, Bitcoin is slightly up by 0.4 percent, trading at around $5,171. Having continued hitting multi-month highs, Bitcoin is up 24.4 percent over the past 7 days.

The top altcoin, Ethereum, is seeing the biggest gains among the top 20 coins by market cap, up 5.3 percent over the day. The second-biggest crypto is trading at $177 at press time, up 23.6 percent over the past 7 days.

This weekend, Cointelegraph reported that founder and CEO of Tron (TRX) Justin Sun expressed confidence that the Tron ecosystem will officially collaborate with Ethereum this year.

Ripple (XRP), the third-top cryptocurrency by market cap, is down 2.3 percent over the past 24 hours at press time, trading at $0.352. The second-top altcoin is still up around 12 percent over the past 7 days. Read more

 






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