Bitcoin reached us $ 7,500 with a push of the 5% in 24 hours

The market of cryptocurrencies shows this Friday, April 24th positive numbers with bitcoin beyond the barrier of 7,500 dollars, its highest price in 43 days since the collapse of prices that occurred from march 12. The first criptomoneda exhibits a thrust of 5% in the last 24 hours with a marketing of almost 42 billion dollars between Thursday and today. At the time of publishing this article the price of bitcoin was 7,502 dollars, a value that already exceeds the reference price shown on the 1st of January of this year when it was listed at 7.194 dollars, according to figures from Messari and index markets Breaking News. The main reason would be pushing the price of bitcoin, in the midst of the global pandemic by coronavirus, is that this Friday he beats one of the contracts to the future of BTC which markets the Chicago Mercantile Exchange, or CME, one of the exchanges of financial derivatives largest in the world. The BTCJ20 began to be marketed on the 16th of December last year and closed today. The next to fall due, the BTCK20, will on the 29th of may. Another of the reasons that might be affecting it is the environment prehalving of bitcoin that will happen in about 18 days, approximately, and that will cut the emission of currency, or reward to the miners, 12.5 BTC to 6.25 BTC per block mined. That is to say, the operators would be taking bigger positions against a possible increase in the price of BTC due to the decrease of new coins that enter into circulation. The price of BTC reached this Friday at the market 7.577 dollars per unit. Source: CoinGecko. In 2020 the price cap for bitcoin was 10.350 dollars, a figure reached on the 15th of February, almost a month before his precipitous fall that took him from USD 7.900 to break the barrier of $ 4,000. The situation occurred after the World Health Organization (WHO) to decree the disease COVID-19 as a global pandemic. However, since then bitcoin has already recovered almost 100% of your contribution. As for the rest of the cryptocurrencies the figures are also positive. Ether (ETH) and XRP show similar behaviors with an advance of 0.5%. The first one is currently listed in 186,76 dollars, while the second does so at the rate of USD 0,193934 per unit. The major developments in the last 24 hours the exhibit Hive with a gain of 58.5% for trading in 0,283762 dollars, Digibyte up 19% (0,01168220 dollars) and Aave to earn 15% (0,03512427 dollars), according to the information service CoinGecko. The total market capitalization amounted, in the last 24 hours, to 216 billion dollars with a rise of 3.8% and a marketing total of 81 billion dollars. The dominance of the market is distributed in the following way: bitcoin 63.4 per cent; ether 9,55%; and XRP with a 3,95%. The global landscape of economic recession by coronaviruses is bringing to the markets of traditional values and of raw materials, for example, to falls such as occurred recently with the oil prices. Despite all this dark scenario, bitcoin is showing a behavior favorable in the market, although there are analysts who consider that its price could break again in the next few months, the barrier of us $ 4,000. Consulted by Breaking News, the analyst and trader Alberto Cárdenas considers that, before the expansion of the coronavirus SARS-CoV-2, the price of the main criptomoneda could fall in a price range that would be between 3,600 to 4,300 dollars.

Cryptocurrency Market