Bitcoin price has risen more than 10% in the past week and topped USD 7,600 on April 26

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Bitcoin and major cryptocurrencies are increasing on April 26, which highlights Dogecoin, Ethereum Classic, IOTA, Tezos and Cardano like the winners of the day.

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For many people, this week has been particularly beneficial for the major cryptocurrency ecosystem, such as the case of Bitcoin, The price has risen steadily in the past few days and was over $ 7,600 at the time of release for April 26th.

Bitcoin Exceeds USD $ 7,600 on April 26

We start by reviewing the development of Bitcoin (BTC), The price at 9:30 a.m. (New York time) is USD $ 7,636 per unit, an increase of only 0.68% on Sunday morning, April 26, compared to yesterday.

Although the price of the digital currency has remained stable in the past 24 hours, we have to look at the development of the market over the past week Bitcoin rose more than 10% since Monday April 20. At this point, the digital currency was trading at around $ 6,857 after a slight decline of at least around $ 400.

Although the price of Bitcoin began to recover over the days, the moment that sparked the greatest excitement among investors was on the afternoon of April 23, as the digital currency soared more than $ 300 and more in just two hours very close to USD $ 7,500.

Experts and analysts point out that this upward trend from the past week could continue in the coming days, precisely due to the proximity of the Halve Bitcoin scheduled for May 12 this year. This event provides for a reduction in the profit margin for the mining community, a measure to protect and promote the growth in value of the digital currency for the coming years, precisely by reducing the existing supply on the markets.

ether and major cryptocurrencies on the rise

As if it were a kind of domino effect, the reaction in the price of Bitcoin It was also present among the major cryptocurrencies in the ecosystem. In this order of ideas we have the case of Ether (ETH), Network for digital currencies Ethereum, This is around $ 197 at the time of release, with an increase of just 1% in the past 24 hours.

However, the steepest increases among the best known cryptocurrencies have been recorded Dogecoin (DOGE), Ethereum Classic (ETC), IOTA (MIOTA), Tezos (XTZ) and Cardano (ADA)with values ​​that are approximately USD $ 0.002 (+ 7.7%) / USD $ 6 (+ 4.9%) / USD $ 0.17 (+ 2.94%) / USD $ 2.82 (+ 2.23 %) and correspond to USD $ 0.04 (+ 2%).

Lose cryptocurrencies

However, among the digital currencies with the highest reputation, the price declines can be observed at NEM (XEM), Chainlink (LINK) and Stellar (XLM)whose values ​​are $ 0.03 (-1.3%), $ 3.8 (-1.27%), and $ 0.06 (-1%).

If you want to see which currencies had higher gains and losses, you can view our data table here:




HIVE

Beehive

55.05%

$ 0.91

SC

Siacoin

22.78%

$ 0.00

STEEM

Steem

17.15%

$ 0.19

KNC

Kyber Network

14.94%

$ 0.70

BTM

Bytom

14.37%

$ 0.07

DiarioBitcoin.com




DGB

DigiByte

-12.89%

$ 0.01

ENJ

Enjin coin

-5.79%

$ 0.14

DASH

Dash

-2.94%

$ 84.34

RVN

Ravencoin

-2.35%

$ 0.02

LINK

Chain link

-2.2%

$ 3.70

DiarioBitcoin.com

Development of the main markets

After all, this rise in the digital currency ecosystem contrasts with the values ​​that reflect the major industrial markets at the end of April and which were slightly higher.

This was reflected in the NASDAQ, Dow Jones y S & P 500, with growth of over 1.6% at the end of April 24. Meanwhile, the price of the oil markets also rose slightly at the end of this week WTI Trade at around USD $ 17.19 (+ 4.18%) and the Brent in USD $ 24.81 (+ 3.2%).


Related articles

The price increases for Bitcoin, DigiByte, Tezos and Cardano on April 24th have several reasons

Halving bitcoin and cryptocurrencies, what is it for?

Charles Hoskinson announces the release of Daedalus version 1.0.0 for Cardano

Sources: CryptoDaily MarketsBitcoin, CoinMarketCap, Businessinsider

Angel Di Matteo’s report / DailyBitcoin

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