The largest cryptocurrency finally broke out above $4,200 on Tuesday after jumping more than 20% to north of $5,000 before pulling back to $4,746.
There doesn’t seem to be any major event behind the rally, rather, this looks to be the result of months of consolidation followed by a strong breakout through the last few months’ resistance level. This is Bitcoin’s first trip above $5,000 since November.
— CryptoChimp (@Cryptanzee) April 2, 2019
While some altcoins have sold off as traders react to Bitcoin’s surge, most major coins are up high single and even double-digits at the moment. The current leaders include IOST (IOST), Digitex Futures (DGTX), Dogecoin (DOGE), Nexo (NEXO) and TRON (TRX).
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.