Bitcoin’s Trading Volume Surges Over $1Billion, Price Hits All-Time High of 2019

Published May 3, 2019 | Updated May 3, 2019

Bitcoin’s Trading Volume Surges Over $1Billion, Price Hits All-Time High of 2019

Bitcoin’s Trading Volume Surges Over $1Billion, Price Hits All-Time High of 2019

Today bitcoin’s market cap and the price excites all crypto enthusiasts, especially the believer of Bitcoin. The world’s largest cryptocurrency by market volume hits an all-time high of this year by touching over $5800 against US dollar and counting over $1billion market cap as of May 03, 2019.

The month of April was just a kick-start for Bitcoin – to remind, Bitcoin after a long period of time crossed $5000 soon after the closure of the first quarter of 2019. It bids the next bull to the month of May which sees a new rally of over $5800.

At press time, Bitcoin is trading at $5800.48 against the US Dollar and has surged by 6.59% over the past 24 hours. Nevertheless, this made Bitcoin’s trading volume over $1billion, i.e $102,801,017,035.

Bitcoin-Today

Image source – coinmarketcap

Bitcoin’s present market cap and the value is one of the most exciting figure because the price is the year’s first all-time high. As it pushes $5600 and reached $5800, it believes that Bitcoin set a new 2019-high.

As it is said, every time bitcoin surges, it brings other cryptos in noticed at a more favorable value. Nonetheless, altcoins such as ETH, XRP, Bitcoin Cash, Litecoin, EOS, Binance Coin, Tether, Stellar and Cardano performs well in the last 24 hours.

Bitcoin-trading-volume

Image source – coinmarketcap

In addition, if we compare the market of May 2018 which recorded the value of Bitcoin near $5900, present value of Bitcoin tastes the same.

Bitcoin’s surge is more likely repeating the year-back value – but it also comes in a wake of the Tether confirmation as reports highlights ‘it is not completely backed by U.S Dollar’. Moreover, other positive bulletins from major media ventures like Facebook ‘which has announced to launch crypto-based payment system’, Grayscale’s effort to push investors towards Bitcoin and so DropGold might urge it to what is today. Moreover, few reports strongly highlight Venezuela’s hyperinflation which led them to turn to cryptocurrencies also contributed to Bitcoin counting over $1 billion market cap.

But readers, what’s your stake on Bitcoin’s peaking volume.? Do you think it has anything to do with the above points.? Let us know in the comment below

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com

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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com
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