2019 is looking up for the Bitcoin and cryptocurrency markets, with a new yearly high being put in on Apr 10.
The total cryptocurrency market capitalization has been on an absolute tear in recent months. Various altcoins — such as DASH (DASH), Zcash (ZEC), and others — saw their valuations spike ahead of Bitcoin’s newsworthy jump to $5000 on Apr 2.
The total market cap for all cryptocurrencies reached over $186B five days ago.
‘A Sustained Stabilization’
Prices have since cooled off and corrected, but now appear ready to make another leg upwards should buyers take control early this week.
“After the false breakout earlier this week, cryptos took a step down,” eToro’s Mati Greenspan explained, as noted by Forbes. “The fact that we failed to go further up speaks volumes about the current appetite, but it doesn’t necessarily mean it will go lower, as many bears have indicated,” Greenspan added:
In fact, in my view, the most likely scenario is that we now create a new range, or even, hopefully, a sustained…