Bitcoin’s (BTC) Market Cap Passes $100 Billion as the Price Hits a New 2019 High


After several days of uncertainty following revelations by and about Bitfinex and Tether (USDT), Bitcoin (BTC) resumed its march higher, rallying 7% in early Friday trading to $5,826.

Bitcoin 1-month chart (DataLight)

The breakout brings Bitcoin’s market cap back above $100 billion, which is roughly 55.2% of the overall crypto market ($184.8 billion).

Top-10 non-stablecoins by market cap (AltDex)

The rally has spilled over to major altcoins as well, with the rest of the top-10 cryptocurrencies in positive territory. Current top gainers include Cosmos (ATOM), Litecoin (LTC) and EOS (EOS), with several smaller-cap coins trading higher as well.

AltDex 100 Index top-10 gainers (AltDex)

Whether Bitcoin’s surge will continue to benefit the rest of the market remains to be seen, as rapid BTC rallies can lead to altcoin sell-offs as traders flock to Bitcoin.

More: AltDex 100 Index

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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