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Binance

The price of Bitcoin (BTC) is now up 4% Saturday to $4,126, a new high for the year and the first time the largest digital asset has been above the $4,000 mark since early January.

Earlier in the week, Bitcoin failed to break through $4,000 and has spent the last five days consolidating above $3,800. It’s now up around 14% over the past week while the AltDex 100 Index (ALT100), a benchmark index for the 100-largest coins and tokens, is up 16.3% over the same period.

Contrary to what Bloomberg has stated, the current rally is not likely a delayed side effect of JPM Coin, but instead a byproduct of improving technicals and market sentiment.

Other notable gainers over the last 24 hours include Nexo (NEXO), currently up 14.2%, Electroneum (ETN), up 14%, and Ontology (ONT), up 13.5%.

More: AltDex 100 Cryptocurrency Index
Premium: VeChain (VET) Price Rallies 7% to a 1-Month High

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Voyager

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