Bitcoin price increases by more than 15% in a matter of hours | CryptoNews



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This April 2nd started the day with a surprising increase in the price of Bitcoin, which seems to be injecting new capital into the rest of the cryptography market.

24 hours ago, was selling around $ 4,150, and in less than an hour peaked at its price of $ 4,850. Of this amount fell to $ 4,750, this is the price found at the time of writing, according to CoinMarketCap.

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24 hour chart of Bitcoin price. Source: CoinMarketCap

This increase is accompanied by a volume close to $ 15.7 billion, according to the CoinMarketCap. The biggest change they are making these transactions are Tether (USDT). The highest volumes recorded are from currency exchanges like Fcoin, Bit-Z and CoinBene. It should be remembered that the metrics of these and other crypto-currency brokerages were questioned by the Bitwise financial firm, which ensures that they manipulate their exchange volumes for greater exposure to the ecosystem.

After this increase in the price of Bitcoin, the rest of the market is reacting in a similar way. Several well-known and large volume crypto- increases of 5 to 10% in less than 24 hours. There are even cases like Dodgecoin, which has a good day, continues to rise above 18% and NANO has a price increase of more than 20%.

Like most crypto-coins, they continue to have a high correlation with bitcoin and remain the most liquid asset in the entire market, the entire cryptographic market. is benefiting from this increase.

Until now, the reasons are not clear of this sudden increase in bitcoin value. Some media associate with this some people who believe in jokes about the acceptance of a Bitcoin ETF in the North American market, but so far seems only the dynamics of the market.

Since 3 months the price of bitcoin has been rising steadily, but if we compare with the same date a year ago, those who bought at the time still have a loss greater than 30%.

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