Bitcoin holds steady above $5,000

2019-04-15 14:58:52 GMT (
Bitcoin holds steady above $5,000

Bitcoin rose slightly on today's spot trading to continue gaining for the second consecutive day as the world's largest cryptocurrency stabilized above the psychological barrier of $5,000, in a positive sign of the return of the bullish market trend to head for record new highs this year.


As of 05:05 GMT, on Bitstamp exchange, Bitcoin is trading around $5,180, up by $20 or by 0.4%, from the opening price at $5,160, with the highest at $5,192 and the lowest at $5,144.


Bitcoin rose by 1.9% on Sunday, its second daily gain in the last three days, as demand for the world's largest cryptocurrency accelerated again.


Over the course of the past week, it has lost 0.6%, the first weekly loss in two months, on correction and profit taking from a five-month high of $5,466 per unit.


The market cap of cryptocurrencies rose by about $3 billion on Monday to reach a total of $177 billion, with most of the major currency prices on the market climbing.


 Last week's market capitalization reached $186 billion, which is the highest level since last November.


 Bitcoin continued its gains for the second consecutive day, as it trades above the psychological barrier of $5,000, as prices continue to hold its bullish trend, which has started strongly since early April.


On the other hand, a new analysis of cryptocurrencies issued by the Binance platform on April 11, concluded that the Bitcoin prices above $3,000 is good news for bulls.


As part of efforts by international agencies to seriously understand the Blockchain technology, the International Monetary Fund in tandem with the World Bank, has launched a cryptocurrency to bridge the gap between its staff and the nascent technology. The new currency will be called "Learning Coin", which will have no monetary value.


The staff at the IMF & WB are entitled to earn Learning Coins after achieving certain educational milestones, but developers have not yet determined how employees can replace these coins.


The IMF recently conducted a poll via twitter asking people “How do you think you will be paying for lunch in 5 years?” 56% of respondents said they would pay in cryptocurrency, while 27% chose to pay by mobile phone, Bank cards and paper currencies were 9% and 8% respectively.


The South Korean crypto exchange platform, Bithumb, has received about $200 million from Japan's ST Blockchain Fund, as the South Korean platform will expand worldwide, while adding new trading pairs for the platform.

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