Bitcoin Price Resumed Growth Along with Major Cryptocurrencies
OREANDA-NEWS. The bitcoin rate on Monday resumed its growth and rose in price by 12.4% to 37.726 thousand dollars, according to trading data at 16:21 Moscow time portal CoinMarketCap, which calculates the average price for more than 20 exchanges.
Stellar (+ 37.5%) and Ethereum (+ 23.7%) are more expensive than other cryptocurrencies on Monday.
Bitcoin on Wednesday May 19 fell in price by more than 2 times from the April historical maximum (60.5 thousand dollars on April 12) and for the first time since January 25, it depreciated to 30 thousand dollars. The lowest price per day reached exactly 30 thousand dollars. In general, the cryptocurrency has been falling in price since April, only for a short time trying to win back losses.
Since the beginning of the month, the price of the cryptocurrency has fallen by 41%. The precipitous pullback forced half a million growth traders to close $ 7 billion in positions to avoid even greater losses. Last week, on the Binance exchange, the largest cryptocurrency exchange in terms of trading volume, bitcoin fell in price by 29% - up to $ 31.4 thousand, and the lowest price per day reached exactly $ 30 thousand.
The total cryptocurrency market capitalization has reached $ 1.59 trillion so far, according to data from Coinmarketcap. Bitcoin dominance index is 42.5%