- Bitcoin currently trades at $4,184
- The weekly cryptocurrency trading volume sits at $176 million
- Altcoins post major gains amid the mini-rally
Bitcoin (BTC) smashed through $4,000 mark on February 23, 2019, hitting a two-month high of $4,146 since December 24, 2018, according to the crypto table on CoinMarketCap. The upward move by BTC was mirrored by altcoins with almost all of them drifting towards the green isles.
Bitcoin Smashes through the $4,000 Mark
The weekend came soon for crypto enthusiasts as digital currencies recorded impressive gains on Saturday.
The market cap of the crypto industry has surged an impressive 5 percent in the past 24 hours to $142 billion at the time of writing.
Similarly, the price of the premier cryptocurrency Bitcoin climbed to $4,184 at the time of writing, which also happens to be its two-month high since December 2018. The brainchild of Satoshi Nakamoto is up 20 percent since the beginning of the month.
(Source: CoinMarketCap)
An identical upward trajectory was observed in other major cryptocurrencies such as Ether (ETH), XRP, Litecoin (LTC), and Bitcoin Cash (BCH).
At the time of writing, Ether trades at $164, up 10 percent in the past-24 hours.
As is usually the case, a surge in the price of Bitcoin is accompanied with similar gains in other major cryptocurrencies and exorbitant gains in coins with a small market cap.
Take, for example, NEXO and S4FE (S4F).
NEXO is ranked 74th on CoinMarketCap crypto table with a total market cap of 49 million and 24-hour trading volume of $5 million. The coin has shot up by 17.72 percent to $0.088 at the time of writing.
An even higher movement was observed in the altcoin named S4F. The altcoin sits at the 72nd position on CoinMarketCap crypto table with a market cap slightly about $60 million and 24-hour trading volume of $774k.
The coin currently trades at $1.74 and has rocketed almost 60 percent in the past 24 hours.
The market seems to have a generally optimistic outlook at the moment with virtually all the coins creating green candlesticks on the charts.
It’s also worth highlighting that the according to CoinMarketCap data, the global weekly crypto trading volume currently sits at a strong figure of $176 million – its most in a single week since May 2018.