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Bitcoin is making moves again, with the price of BTC jumping over $5500 on Tuesday. Bitcoin is now trading around $5550 on the exchanges.

Bitcoin started climbing again around 2AM UTC and reached its daily high of $5560 at 4AM UTC today. On Bitfinex, Bitcoin is now trading at $5580.

Chart provided by Tradingview

It seems most traders are now focusing on the BTC market, with altcoins not moving much after the Easter drop. Ethereum, EOS and Litecoin are up just over 2 percent, with Binance Coin slightly dropping. Cardano is making big gains today, rising 9%.

Chart provided by Tradingview

Bitcoin Cash is closely following the movements of Bitcoin, climbing 5% back over the $300 mark. For Bitcoin, breaking the $5500 barrier means it reached a new high this year.

According to trader Luke Martin, a push to $6000 is realistic now Bitcoin has cleared the 5500 zone.

With the new jump in Bitcoin, the BTC dominance over altcoins is growing again as well. Bitcoin has 53,2% of the total market cap, with the cryptocurrency market now worth $185 billion.

Key levels: if Bitcoin breaks $5300, this is the upside! Subscribe to the Chepicap YouTube Channel for more videos!

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(Excerpt) Read more Here | 2019-04-23 07:07:30

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