{"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