Bitcoin Price Crosses $4,000 for First Time in Six Weeks

Avi Rosten

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.

bitcoin price

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:

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.

litecoin price

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.