Bitcoin Climbs Over $5,100 as Top Cryptos See Solid Gains
Sunday, April 7 — most of the top 20 cryptocurrencies are seeing moderate to notable gains on the day by press time, as Bitcoin (BTC) climbs over the $5,100 mark.
Market visualization courtesy of Coin360
Bitcoin’s price has seen a gain of two and a half percent on the day, trading at around $5,156 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is a solid 20% higher than $4,095, the price at which Bitcoin started the week.
Bitcoin 7-day price chart. Source: CoinMarketCap
Bloomberg analyst Mike McGlone claimed earlier this week that Bitcoin is at its most overbought level since its record highs in December 2017. Also, leading United States derivative market CME Group pointed out that its Bitcoin futures reported record trading volumes on April 4.
Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is currently at about $17.7 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $15 billion by press time.
ETH is up by 2.12% over the last 24 hours. At press time, ETH is trading around $168, after having started the day at $163. On its weekly chart, ETH has seen its value increase by almost 19%.
Ethereum 7-day price chart. Source: CoinMarketCap
Second-largest altcoin Ripple has gained one and a half percent over the 24 hours to press time, and is currently trading at around $0.36. Looking at the coin’s weekly chart, its current price is over 16% higher than the price at which it started the week.
Ripple 7-day price chart. Source: CoinMarketCap
Among the top 20 cryptocurrencies, the one reporting the most notable gains is Ethereum Classic (ETC), which is up over 20% on the day to press time.
Bitcoin Cash (BCH) has also seen notable daily growth, up 11% to press time. On the week, BCH has seen massive growth of 91%.
The total market cap of all cryptocurrencies reached $180 billion today, which is almost 25% higher than $144.3 billion, the value it saw one week ago.
Earlier this week a Japanese news outlet reported that G20 member countries will meet to discuss international cryptocurrency Anti-Money Laundering (AML) regulation on June 8 and 9 in Fukuoka, Japan.