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Guide & Analysis

Bitcoin skyrockets rising more than 15% on the day

Bitcoin crowns the month of April with a strong increase of more than 15% on the day

The month of April has been extremely positive for Bitcoin lovers. With a 15% rise on the day, BTC soared, leaving behind the mistrust created during the fickle month of March. As usual, the crypto market reacted mostly (very) well to this, with several currencies showing massive gains.

The daily peak price of BTC today was recorded around 6 pm (GMT), as it struggled to reach $ 9,000.

Bitcoin started April at approximately $ 6,400, surrounded by concern and mistrust after plummeting below $ 4,000 on March 12. However, it didn’t take long for BTC to show what it came to, climbing $ 1,000 in one week, when it surpassed the $ 7400 mark on April 7.

Following on from the strong bullish month, Bitcoin started today (29) being traded for approximately $ 7,750, which alone already represented gains of almost 18% in the month. And by the way, those who were satisfied with the recovery of the month and liquidated their long positions stopped winning with a beautiful upward movement, which reached 15% in the last 24 hours, retreating a little soon thereafter.

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Bitcoin 4h chart in April – Source: TradingView

Altcoins rise along with BTC

Surfing at the high of BTC we had a market of altcoins mostly in the green. Of the first 20 market capitalization currencies listed in the ranking of the CoinMarketCap, 19 were positive on the day (only the Tether had a slight drop).

Still within the mentioned group, Cardano emerged as the biggest winner of the day, with gains of more than 40% in the last 24 hours. The ranking also has 7 currencies showing gains of more than 20%, which shows how strong Bitcoin’s momentum was for the altcoin market.

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Image by: CoinMarketCap

Cover image by: BitDegree

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