After a run of negative days for cryptocurrencies, both Bitcoin and the others went up. In the case of Bitcoin managed to cross the barrier of USD $ 4,000, which (even psychologically) encourages the market.
It is possible that the move is driven by comments from Gabor Gurbacs, Director of Digital Asset Strategy at VanEck / MVIS, he announced in Consensus Invest that VanEck teamed up with Nasdaq to “bring a regulated market crypto 2.0 of future contracts” to the market “.
When it is 8:00 am in New York, Bitcoin had a substantial increase of 10.78% compared to yesterday. Its price is now USD $ 4,129.54. There are transactions in the last 24 hours for more than USD $ 6.4 billion, which indicates a fairly busy market. Much of the transactions are between the Bitcoin / Tether pair. The Bitcoin capitalization market increased almost USD $ 10 billion between Tuesday and Wednesday and now stands at more than USD $ 72 billion.
On the other hand XRP had an increase of 9.92%, Ethereum of 10.81%, Bitcoin Cash of 7.11%, Stellar of 14.22%, EOS of 7.50%, Litecoin of 12.49%, Monero of 15.23% and Cardano of 10.89%.
94 of the top 100 currencies are rising, most of them double digits. The market capitalization of the entire crypto ecosystem, which yesterday had fallen below USD $ 120 billion, now gains strength and exceeds USD $ 134 billion.
Some analysts argue that the fact that Bitcoin exceeded the USD $ 4,000 barrier may be a good sign for the market, however others suggest that it is better to wait for another barrier to break through: that of the USD $ 4,500, to do so would give up the resistance. In any case, it is good to note that what happens at this time is related to the dynamics of the market itself and not to any external factor.