The cryptocurrency top ten are in the green! Well, eight of them are at least. According to CoinMarketCap, the total cryptocurrency market cap today is $182,807,737,820.

As usual, when Bitcoin (available on Coinbase) price is in the green, the rest of the market tends to be too. At the time of writing, Bitcoin (available on Coinbase) is showing gains of a respectable 1.13%—a continued increase from a bull run now lasting over a week. Further down the chart, EOS is running away with a 6.84% increase.

What has Bitcoin (available on Coinbase) in the green as of late? The entire market is bullish so let’s check out why this is.

Bitcoin (available on Coinbase) Price

At the time of writing, Bitcoin (available on Coinbase) price is $5,285.08 USD, up 1.29% at the time of writing. Bitcoin (available on Coinbase) has been on a bull run since April 2nd and not only has maintained the high but has continued to steadily increase.

Over the course of a few hours on April 2nd, Bitcoin (available on Coinbase) jumped from approximately $4,110 to $4,800. Now it has hit a current high of over $5,285. The rally has extended throughout the market with other coins also showing massive growth. For example, Litecoin (available on Coinbase) gained over 50% and Bitcoin (available on Coinbase) Cash roughly 80% in the same period.

Bitcoin (available on Coinbase) Price: Why the Jump?

Two theories have emerged as to what caused Bitcoin (available on Coinbase) to suddenly jump. The first is that $100 million worth of BTC was bought across exchanges Coinbase, Kraken, and Bitstamp by one person. A sudden pump of money into the market spurred on further bullish sentiment, and the gains have continued.