Bitcoin and the major cryptocurrencies are on the rise as of April 26th, with Dogecoin, Ethereum Classic, IOTA, Tezos, and Cardano being the winners of the day.
For many people, this week was particularly favorable for the ecosystem of the most important cryptosystems, as in the case of Bitcoin, for example, the price has risen steadily over the last few days, so that the figure on 26th April this year was over $7,600.
Bitcoin surpasses USD 7,600 on April 26
Let’s start by looking back at the performance of Bitcoin (BTC), whose price at 9:30am (New York time) is around $7,636 per unit and was registered this Sunday morning, April 26th, a rise of only 0.68% compared to yesterday.
Although the price of the digital currency has remained stable over the past 24 hours, if we look at the market’s performance over the past week, we have seen Bitcoin rise by more than 10% since Monday, April 20th. At that time, the digital currency was trading at around $6,857, after suffering a slightly sharp drop of at least $400.
Although the price of Bitcoin began to recover over the days, the moment that generated the most excitement among investors was in the afternoon of April 23rd, as the digital currency rose by more than $300 in just two hours, and its value was very close to $7,500.
Experts and analysts point out that this upward trend of last week could continue in the coming days, precisely because of the proximity of the halving of Bitcoin, scheduled for May 12 this year. This event is expected to cut the profit margin for the mining community, a measure to protect and promote the value of the digital currency in the coming years, especially by reducing the existing supply in the markets.
Ether and crypt main coins on the rise
Like some kind of domino effect, the reaction, which was reflected in the price of Bitcoin, was also present in the major crypto-currencies of the ecosystem. Moving in the same order of ideas, we have the case of Ether (ETH), the digital currency of the Ethereum network, which is quoted at around $197 USD at the time of issue, with an increase of only 1% in the last 24 hours.
But the most significant increases among the most popular crypto-currencies are Dogecoin (DOGE), Ethereum Classic (ETC), IOTA (MIOTA), Tezos (XTZ) and Cardano (ADA) with values equivalent to about USD $0.002 (+7.7%) / USD $6 (+4.9%) / USD $0.17 (+2.94%) / USD $2.82 (+2.23%) and USD $0.04 (+2%).