Following several days of consolidation around and beneath $55,000, bitcoin finally made a move and jumped above $58,000. Despite new records for Ethereum and Binance Coin, BTC actually managed to reclaim some of its recently lost market dominance.
Bitcoin Adds $6K in Two Days
While the altcoin market was producing impressive price pumps lately, bitcoin seemed stalled at best. The primary cryptocurrency had recovered from its April slumps that drove it below $50,000 but had failed to increase any higher than $55,000.
The bears used BTC’s inability to breakout and pushed it south again to about $52,000 on April 29th. Since then, though, the trend reversed, and bitcoin recovered a few thousand dollars in hours.
Consequently, the asset traded around $54,000 before it finally made a notable move upwards. In a matter of hours, the cryptocurrency surged by about $4,500 and reached its highest price tag since the market crash on April 18th.
On its way up, bitcoin’s market cap solidified i
Źródło: https://cryptopotato.com/green-may-bitcoin-soars-above-58k-eth-bnb-new-aths/
