Bitcoin and the cryptocurrency added over $6.5 billion in 24 hours as the market gained by 3.9%. The price of Bitcoin at 4: 00 hours UTC on 1st May 2019 is $5378. It is trading 2.55% higher on a daily scale.
However, on an alarming note, the Bitfinex premium has increased to $304. The price of Bitcoin at Bifinex Exchange surpassed a high of $5623 on 1st May while it traded below $5350 on Coinbase.
The altcoins out-performed BTC as a slight reduction in Bitcoin’s dominance was observed on a daily scale. The rise of Bitcoin and cryptocurrencies together also suggests that de-coupling hasn’t been achieved yet.
Bitcoin Cash [BCH] and Litecoin [LTC]
Bitcoin Cash [BCH] led the altcoin gain with a percentage increase of 12.67% on a daily scale. The price of BCH at 4: 15 hours UTC on 1st May 2019 is $270.29.
BCH/USD 4-Hour Chart on Coinbase (TradingView)
Litecoin also gained higher than Bitcoin. The price of Litecoin [LTC] at 4: 20 Hours UTC on 1st May 2019 is $73.97. It is trading about 7% higher on a daily scale.
Ether (ETH), EOS, XRP and Stellar (XLM)
The green in the market was observed across all top coins suggesting that the trader’s sentiments towards cryptocurrency are positive again. The rise in top altcoins was around 5%.
XRP tested the $0.31 mark on being listed on NASDAQ. The price of XRP at 4: 30 hours UTC on 1st May 2019 is $0.307. Stellar (XLM) also gained 4.53% on a daily scale trading at $0.101.
XRP/USD 4-Hour Chart (TradingView)