Bitcoin prices hit $150 billion market cap for the first time in 2019 as prices pump by 11%

Bitcoin’s parabolic rise that started in April seems to be staggering as the increase in price vs. the number of days it took to increase was surprising, considering the prolonged .

The recent pump on May 27 at 23:30 UTC [+5:30] pumped the price from $7,995 to $8,939 in 7 hours with each green candle forming after another. However, the price reached a peak at 05:30 UTC [+5:30]. After which the price declined by 2.85%.

Source: TradingView

Moreover, at press , the market cap of Bitcoin has reached a new high, i.e., $154 billion and the price reaching $8,900 is a new all-time high of Bitcoin in 2019. Bitcoin’s total rise YTD was 146% and in a 24-hour time frame, the price of Bitcoin was up by 8.71%.

Meanwhile, have also followed suit as Ethereum pumped by 7.21%, by 7%, Bitcoin Cash by 9.53%, Litecoin pumped the most in top 10 as it was up by 11.23% in 24-hours. Tron, the eleventh largest cryptocurrency pumped by 13.84%, at press time.

Anthony Pompliano, a well-known Bitcoin enthusiast tweeted:

“Someone check on @nouriel. Bitcoin seems to be coming back with a vengeance ever since he blocked most of Bitcoin Twitter.”

The post Bitcoin prices hit $150 billion market cap for the first time in 2019 as prices pump by 11% appeared first on AMBCrypto.

Post written by our friend Akash Girimath and Syndicated from ambcrypto
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