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Bitcoin Up 3% as Crypto Adds $10 Billion in 1 Week: Can the Rally Continue?

Posted on 16 March 2019 By lecrab
Blockchain

Overnight, the bitcoin price surged 3 percent against the U.S. dollar above the $4,000 mark as major crypto assets in the likes of ethereum, litecoin, and bitcoin cash recorded gains in the range of 6 to 18 percent. Fueled by the momentum of bitcoin, the valuation of the crypto market spiked by $10 billion in the past week, which has been on the rise since March 12 due to the strong performance of tokens. Can the Bitcoin Rally Continue? According to cryptocurrency technical analyst Mayne, on the technical side, the price trend of bitcoin is not overly bearish as long

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