Bitcoin price beat its 2019 highs May 3 as a fresh uptick saw the cryptocurrency challenge $5750.


Bitcoin Smashes Through $5.7k

Data from traditionally more conservative Bitcoin price tracker Bitstamp shows BTC/USD hovering around $5660 at press time, having achieved local highs of $5730.

Friday’s performance puts Bitcoin $110 clear of its previous highest point in 2019, which occurred late April as BTC/USD hit $5620 and higher elsewhere.

Since beginning a reversal of its bearish trend at the end of March, Bitcoin has surprised analysts by holding on to its newfound support level at $5000 for over a month.

Prior to that, markets traded around $4000, with sentiment eyeing a further drop to $3000 or even lower before the bear market ended.

In line with previous behavior, exchange Bitfinex currently trades Bitcoin around $300 higher than other platforms.

Mahmudov Flags Bullish Price Crossover

The unlikely growth has thus seen various figures change their minds on the near future, including veteran Murad Mahmudov, who in April…

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Source: https://thebitcoinnews.com/bitcoin-price-sets-new-2019-high-of-5700-defying-bitfinex-concerns/