Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$93,171.00
5.45%$1,775.12
12.12%$2.21
5.66%$617.47
2.72%$148.63
7.09%$0.999897
-0.01%$0.180913
11.94%$0.684301
8.72%$0.247306
0.41%$1,773.39
12.09%$93,135.00
5.42%$22.21
11.19%$14.22
7.34%$2.74
21.76%$9.06
-0.42%$0.26622
6.09%$0.00001375
10.39%$3.14
7.45%$0.180097
5.72%$2,134.59
12.61%$0.99983
-0.00%$362.03
4.91%$84.65
6.97%$18.85
3.34%$4.04
6.59%$4.65
4.16%$0.997899
-0.11%$1,771.46
11.73%$1.001
0.17%$0.645747
2.39%$226.94
5.19%$28.43
0.25%$1,890.06
11.89%$0.00000904
13.52%$93,266.00
5.68%$5.89
10.77%$5.31
7.27%$52.30
2.37%$2.42
9.00%$336.57
6.72%$0.921871
6.89%$23.44
1.26%$5.15
7.05%$32.71
-0.03%$16.79
7.05%$0.097316
12.31%$0.091992
11.54%$1.049
0.02%$1.00
0.00%$161.14
12.16%$0.698365
5.53%$4.52
1.60%$0.02564323
8.52%$1.17
0.11%$4.35
6.52%$0.220591
10.54%$92,855.00
5.35%$9.30
11.73%$0.329655
12.90%$4.23
0.01%$2.75
5.17%$0.210275
8.26%$2.80
7.87%$0.639925
4.93%$0.515543
11.30%$0.999333
0.17%$0.325391
7.95%$4.09
4.69%$92,904.00
5.29%$10.22
4.13%$0.439766
7.25%$0.753731
7.34%$0.815596
7.11%$155.79
7.08%$1,477.71
9.62%$0.076222
5.47%$0.00001523
20.66%$0.630708
33.11%$1.14
16.81%$0.859121
11.60%$1.095
5.37%$1,769.10
11.72%$0.01653947
1.37%$1,845.75
11.77%$69.72
3.96%$0.668398
4.87%$3.63
-0.25%$0.190878
6.95%$9.37
8.03%$0.690713
14.54%$1.002
0.14%$15.49
6.40%$0.999845
0.03%$0.089933
7.45%$1,995.72
11.83%$0.99755
-0.14%$3,384.08
-2.61%$1.00
0.05%$616.37
2.61%$92,545.00
5.46%$3,387.99
-2.45%$2.63
15.76%$191.29
7.23%$0.01697111
7.24%$0.01545147
7.44%$93,291.00
5.74%$163.99
7.12%$0.296689
8.82%$0.794976
10.69%$0.188911
10.39%$1,887.81
12.18%$0.691972
9.54%$0.11796
9.74%$3.81
9.82%$0.675744
2.76%$0.997659
0.01%$0.00006793
16.05%$93,923.00
6.32%$0.00000064
4.55%$0.998868
-0.06%$0.01873808
9.01%$0.496824
18.34%$0.391935
5.08%$30.77
5.23%$2.05
6.19%$1.86
9.89%$1.098
1.45%$0.00635685
16.42%$0.236891
3.70%$0.308932
0.62%$3.51
6.66%$0.538686
6.69%$1,853.36
11.77%$16.71
11.42%$0.150881
5.90%$0.21289
125.72%$32.79
4.67%$0.549449
4.98%$0.520976
20.04%$0.00896937
7.48%$0.535706
22.79%$0.99912
0.03%$0.642502
7.45%$90,550.00
13.03%$0.44422
7.11%$0.067281
-2.78%$93,149.00
5.49%$0.717154
23.89%$1.70
6.16%$0.999896
-0.01%$0.180626
11.79%$1.31
6.15%$0.999896
0.02%$88,321.00
0.00%$0.04436771
23.14%$0.00002204
6.46%$1,793.57
8.71%$15.39
8.65%$0.00685073
34.61%$1,769.77
12.98%$0.00000043
0.82%$110.78
0.01%$0.145707
5.97%$92,935.00
5.38%$1.99
-1.59%$5.88
5.88%$1.003
0.03%$1.084
-0.00%$6.19
9.11%$3.69
5.34%$2.50
9.29%$0.501249
6.66%$0.077251
5.72%$0.0406431
9.12%$1,778.07
12.32%$43.13
7.98%$1,778.62
12.08%$0.221515
11.09%$0.082241
6.10%$1,884.24
11.90%$0.460001
14.62%$0.00706395
9.62%$1,777.77
12.40%$0.313397
11.48%$0.999647
-0.02%$1.00
0.02%$21.82
-0.13%$0.575162
11.37%$0.176894
2.45%$0.999974
0.11%$0.00413363
-9.52%$0.83056
7.16%$0.0000632
3.40%$0.01732187
0.58%$0.336433
27.41%$0.124521
4.00%$0.997353
-0.21%$1,812.30
13.72%$0.999888
0.02%$0.03170293
1.24%$0.00000151
17.79%$0.323501
4.49%$2.73
10.19%$93,121.00
5.40%$1.001
0.00%$113.28
7.39%$3.63
5.63%$0.140454
0.25%$0.236485
7.99%$0.637137
14.58%$1.16
5.46%$26.01
5.94%$0.678715
-6.64%$0.285132
26.28%$92,263.00
3.91%$1,751.40
11.72%$0.625945
9.51%$0.999719
-0.01%$0.272594
3.45%$22.30
5.60%$3,187.04
0.00%$2.79
2.26%$0.112469
5.15%$1,776.76
12.23%$0.186965
6.32%$22.23
11.22%$1,852.83
10.84%$0.03701867
3.82%$0.00042278
-6.31%$0.510007
6.59%$1,870.96
5.47%$0.00283394
13.27%$0.01270898
6.90%$0.441892
5.51%$0.02918834
4.45%$1.034
11.03%$0.720585
6.70%$0.930778
11.16%$14.83
5.47%$0.00350344
54.06%$0.999206
-0.08%$1,949.09
12.38%$0.999816
-0.04%$93,691.00
5.41%$2.87
12.84%$2.22
3.02%$1,926.54
11.74%$0.00
9.35%The price of Bitcoin has jumped $400 in 30 minutes, rising from $9,850 to its current price of $10,152.
After breaking the $10,000 mark for the first time in six months, the price of Bitcoin shortly fell back below the mark. However, it now appears to have confidently broken through the psychological price point.
The sudden upswing in price has led to a disparity of prices across the various crypto exchanges. While a few exchanges still show the price below $10,000, others—such as BitMart—show its price as high as $10,300.
"We've been in a raging bull market since the start of the year. This last swing is yet another clear testament to the strong momentum," Mati Greenspan, founder of Quantum Economics, told Decrypt.
Gavin Smith, CEO of Panxora, took a different approach. He argued that the Bitcoin halving drove the sudden rally.
"BTC started rising during the market sell off triggered by coronavirus. That was just the short term catalyst," he said, adding, "The underlying driver is the bitcoin halving event in May. Previous halving events have seen some of the larger participants hold off on releasing BTC into the market in anticipation of a rise into the event. We believe this same dynamic is currently in play."
The last couple of months have seen Bitcoin's price break out of a downward trend, into a new upward trend. The price of Bitcoin has risen 50% since its lowest point in the last three months, up from $6,600. Other cryptocurrencies have joined the trend, with Ethereum rising up from $130 to its current price point of $230.
However, altcoins have outperformed Bitcoin in the last few weeks, causing Bitcoin's dominance—its share of the entire market—to fall from 69% to 63%. But it's still leading the market.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.