{"id":14085,"date":"2019-05-13T00:00:00","date_gmt":"2019-05-13T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/05\/13\/bitcoin-btc-bitcoin-price-rallies-past-7k-gains-59-market-dominance-share\/"},"modified":"2019-05-13T00:00:00","modified_gmt":"2019-05-13T00:00:00","slug":"bitcoin-btc-bitcoin-price-rallies-past-7k-gains-59-market-dominance-share","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-btc-bitcoin-price-rallies-past-7k-gains-59-market-dominance-share\/","title":{"rendered":"Bitcoin [BTC] \u2013 Bitcoin Price Rallies Past $7K with 59% Market Dominance Share"},"content":{"rendered":"

The price of Bitcoin<\/a><\/strong> sped past the $7,000 level in the early hours of Sunday morning, continuing the uptrend that has been building up since the start of April. The price rose to an intraday high of $7,474 on data website Coinmarketcap (even surpassing the $7,500 levels on some exchanges). <\/p>\n

The price represents a year-to-date high and levels that were previously seen on August 2nd, 2018, a nine month high. The price has been on a slow uptrend following the bottoming of the 2018 bear market<\/a> <\/strong>that saw the rice of Bitcoin fall to $3,200 levels in mid-December. Now following the Sunday price surge, the value of Bitcoin is up more than 130% since its December lows.<\/p>\n

The prices, however, did not hold above $7,000 for too long as a few hours later they corrected back to sub $6,800. The intraday low prices were around $6,833 according to Coinmarketcap. The Bitcoin market cap incidentally rose to a high of $132.26 billion representing a market dominance of more than 59% of the total digital assets market capitalization \u2013 a 17-month high.<\/p>\n

\"price<\/a><\/p>\n

This shows that the general altcoin market may be lagging the recent Bitcoin price rally. That, however, may not be true for too long as several other altcoins registered double-digit gains on Sunday, with bitcoin cash [BCH] marking the largest price gain among the top 20 coins by market cap. Litecoin, EOS, XRP and Binance Coin saw price gains in the single-digit range between 6% and 9%.<\/p>\n

Among notable altcoin price rises is Ethereum<\/strong>, the second largest network by market value. Ethereum<\/a><\/strong> saw a price rise to $203 marking a 150% rise from its 2018 lows in December. It’s market cap also rose to a six-month high of $21.5 billion. The price also corrected similarly to Bitcoin\u2019s at an intraday low of $184. As of press time, the price is $188 with a 24hr trade volume of above $9 billion.<\/p>\n

Coinmarketcap reported Sunday\u2019s Bitcoin trade volumes from the 24hr timeframe to be in excess of $29.33 billion. However, the \u201cReal 10\u201d trade volume for Bitcoin, which is the figure of reported trade volume from exchanges identified by BitWise Asset Management to be reporting honest figures, stood at $1.87 billion by the end of Sunday according to data aggregator Messari.io.<\/p>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin sped past the $7,000 level in the early hours of Sunday morning, continuing the uptrend that has been building up since the start of April. The price rose to an intraday high of $7,474 on data website Coinmarketcap (even surpassing the $7,500 levels on some exchanges).<\/p>\n","protected":false},"author":4,"featured_media":14087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,74],"tags":[4602,4910,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/14085"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=14085"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/14085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/14087"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=14085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=14085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=14085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}