After Bitcoin price run-up in price and then enters a consolidation period, large and small market cap altcoin surged

By Selena On Apr 6, 2021

While Bitcoin price increased slightly by 0.7%, many cryptocurrencies like Stellar, XRP, Bitcoin Cash, … increased from 13% – 43% in the past 24 hours. During the last 24 hours, BTC fluctuated between $ 56,846 – $ 59,243 as the lowest and highest. The trading volume is around $ 54.4 billion. Market cap recorded at $ 1,100 billion.

BTC/USD 4-hour chart | Source: TradingView

Bitcoin price increased slightly, but the market has exploded over the past 24 hours

Bitcoin goes sideways, but many cryptocurrencies have a chance to spike. According to data from Coinmarketcap, XRP rose 43% to $ 0.881, pushing its capitalization to $ 40.4 billion. For the last 7 days, the token price increased by 57.7%. Stellar also saw a 20% run-up to $ 0.523, market cap surpassing $ 11.5 billion.

Altcoins such as Bitcoin Cash, Litecoin, Chainlink, Binance Coin … also grew from 5% – 12%. As a result, total market capitalization was pushed up to $ 1,970 billion, up 1.20%. In the opposite direction, Altcoins such as Uniswap, Theta, Filecoin, … decrease in price, but not to a large extent.

Bitcoin is a cryptocurrency with a lot of price fluctuations. Many experts believe that Bitcoin will continue to soar thanks to interest from shark investment institutions. Despite many controversies, there are still many positive forecasts about the growth of this currency in the future. Specifically, JP Morgan Bank predicts Bitcoin could reach a theoretical level in the long term of $ 146,000 when it starts to compete with gold.

According to Citibank analysts, the digital currency price could reach $ 318,000 by the end of this year. Even from an upbeat perspective, strategist Mike McGlone thinks Bitcoin can be traded for more than $ 400,000 by 2022.

You can see the BTC price here.

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