Bitcoin Breaches $5500 With $100 Billion Market Cap In Sight

Has there ever been a happier time to be in crypto than right now? Some may point to the 2017 bull run, but there is no doubt that April 2019 is also turning into a mini-bull run and is the present, not the past.

Bitcoin started the month around $4100 with a certain mysterious order reportedly lifting it from the claws of the bears to some significant gains in the first week of the month. Anyone who waited for the cryptocurrency to fall almost simultaneously then would be disappointed at just how much growth has taken place within 23 days.

At press time, Bitcoin was exchanging hands at $5590, a figure that was last seen on November 15 before the controversial Bitcoin Cash Hardfork sent the market crashing.

BTC Chart at $5590

At this point, those tipping Bitcoin (BTC) for a place back above the $6000 support which held for the most of 2018 may not be making the wrong call.

$100 Billion Bitcoin (BTC) Market Cap in Sight

While it is easy to get excited with the bullish sentiment around Bitcoin at the moment, you would have to travel back to the same period in November, to see the major cryptocurrency post a market cap up to $100 billion.

But at press time, the Bitcoin market cap stood at $98.3 billion and would only need to sustain the current buying pressure for the next few hours to beat the $100 billion mark. Reaching that height will also reinforce into dominance amongst the crypto market which Coinmarketcap quoted as 53.2% at press time.

The rest of the crypto market boasts a 46.8% dominance which brings the total market cap to $184.9 billion at press time.

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