Bitcoin Climbs Above $4000 Benchmark As Crypto Market Recovers

The much-needed recovery has finally swept all the cryptocurrency market since Monday, February 18. In the last two days, the overall cryptocurrency market cap has added $15 billion to its value. At the press time, the overall cryptocurrency market cap stands at $127.61 Billion, according to our at WorldCoinIndex.

Bitcoin (BTC), the world’s largest cryptocurrency has recently broken its major resistance of $4000. At the press time, Bitcoin is trading at $4007 with its market cap moving just above $70 billion. In the last two days, Bitcoin price has surged by more than 10% after consolidating for a long time around $3600 levels. It remains to be seen if Bitcoin can really hold up to these levels and set a new base here.

Besides Bitcoin, many other alt coins have shown a phenomenal movement surging between 5-10% in the last two days. In fact, Monday’s crypto market was led by Ethereum (ETH) while surging over 10% in a single day. In the last two days, Ethereum has  jumped by more than 15% making a new high of $150 today. At the press time, ETH is trading at a price of $147.77 with a market cap of $15.5 billion.

Ripple (XRP), on the other hand has also seen a 10% gain in the last two days. At the press time, XRP trades at a price of $0.33 with a market cap of $13.3 billion.

Litecoin (LTC), the fourth largest cryptocurrency by market cap continues its northward journey. At the press time, Litecoin is trading at $48.74 with a market cap of $2.95 billion. After a bearish 2018, Litecoin has surged almost 100% in the last two months since the mid-December 2018.

Also, we have a new entrant in the list of top-five cryptocurrencies by market cap. It’s none other than EOS. With over $2 billion trading volumes in the last 24 hours, EOS trades at $3.60 with a market cap of $2.75 billion. EOS has gained nearly 50% in just the last two days.