Crypto market up, btc $8000 and eth $200
Published On : 2019-05-14 11:04:26
The past few days we have seen mostly green numbers following the crypto market prices. What is causing the sentiment to change and the crypto market to go up?
We don't know.
Surprisingly, one the biggest volume exchanges in the world was closed for trading last week due to a security breach. They will re-open the doors today and we're wondering what the extra trading volume will do to the current, already high, prices.
Without speculation much, here are a few facts on bitcoin and the crypto market:
1. November 2018 low point of btc at $3200
2. BTC market dominance is nearing 60% again
3. Price increase btc over 33% in 1 week
4. Bitcoin over $8000 for the first time in 8 months
5. Ethereum back to $200 since November 2018
Un till ICO's became popular, BTC dominated the crypto market with 80%, however, when the ICO hype of 2017 started, the dominance of the original cryptocurrency fell all the way to 40%. Will the altcoins pick up again as well if the crypto winter is over?
We're not saying the winter is over just yet. But we've been seeing positive signals across the market. Hopefully, we can soon report on airdrops surging to crazy heights again, until that time we'll be patiently waiting and posting airdrops for you to collect.