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The price of Bitcoin has risen above $ 4,000 Saturday for the first time in two months. the wider cryptocurrency market has gone green.
On Saturday, at 18:00 UTC, the world's largest market-capitalized cryptocurrency surpbaded the $ 4,000 mark to reach $ 4,146, its highest price since December 24 last year. according to the price data of CoinDesk.
The price of Bitcoin has since declined slightly to $ 4,104, but current figures still represent a significant increase of 20% since the beginning of the month.
Bitcoin is usually accompanied by the wider cryptocurrency market when it wins a strong bid and Saturday's developments are no exception.
As a result, many other well-known cryptocurrencies have allowed us to record significant gains. Names like NEO, QTUM and NEM have all increased by more than 9% in the past 24 hours..
Lesser-known crypto-currencies, among the 100 largest in the world, record even more impressive price growth, including NEXO and S4FE (S4F), who are in place 24 and 78% at the time of publication, according to Coinmarketcap data.
The market capitalization of the cryptocurrency market has increased by 16% over the last seven days to reach its highest value in 141 weeks, or $ 141 billion. It should also be noted that the global weekly volume of cryptocurrency transactions is currently $ 176 billion, the highest in a week since the first week of May 2018, the Coinmarketcap data further reveals.
Publication: The author owns the following rights: BTC, LTC, ETH, ZEC, AST, REQ, OMG, FUEL, ZIL, 1st and AMP at the time of writing.
rollercoaster image via Shutterstock; TradingView charts
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