Bitcoin (BTC) today extended its mini-bull run, crossing the significant $4,000 mark for the first time since January 9, according to data from CryptoCompare.
Beginning on Sunday evening (February 17), there has been a market-wide rally, with top altcoins including ETH, XRP and EOS experiencing significant price surges.
With over $15bn added to the total crypto market cap since Sunday, this latest milestone comes amid expectations that bitcoin could record its first monthly green candle for over 6 months.
Cryptocurrency trader Josh Rager argued recently that if BTC manages to stay above $3,413 for the rest of the month, we would see a green candle for February:
$BTC Monthly Chart
Bitcoin is working on its first green monthly candle since July 2018
The past 6 months Bitcoin has seen red on monthly, a break and close below $3413 will continue the red monthly trend pic.twitter.com/RLLi5N02BB
— Josh Rager 📈 (@Josh_Rager) February 16, 2019
Even Litecoin (LTC), which was noticeably absent during yesterday’s initial gains – cooling after impressive an impressive 45% price rise on 8 Feb. – has joined in the rally, climbing over 7% in USD value.
Overall volume across cryptoasset exchanges is almost double what it was during 8 Feb., which marked the first day of the current broad market uptrend. eToro report that a total of $27 billion was traded yesterday versus roughly $14 billion on 8 Feb.