The Bitcoin (BTC) price advanced three percent on March 5, taking major altcoins to gains approaching 20 percent — despite worries over the markets’ short-term prospects.
Bitcoin Price Nears $3900
Data from Coinmarketcap tracked Bitcoin (BTC) as it made daily moves upwards Tuesday — with BTC/USD trading around $3810 at press time. The pair had reached as high as $3890 on some exchanges before a slight correction took momentum away from the significant $4000 barrier. The moves take Bitcoin back to its position one week ago, while monthly gains now average around 11.5 percent.
The largest cryptocurrency is providing relief not just for traders but miners this month, with statistics from Diar showing mining revenues had begun to pick up in February after hitting 18-month lows. “…[A]long with the price drop and the adoption of SegWit rising from an average of 12% in January 2018 to over 43% in February this year, revenues from fees have become an afterthought,” the publication added.
Binance Coin Leads Altcoin…