Good days may be ahead for cryptocurrencies. The sentiment of digital assets is improving slowly after witnessing a bear trend in 2018. The total cryptocurrency market cap has increased considerably by over $50 billion USD since the beginning of 2019. Many digital assets are outperforming the market when compared to the largest indices worldwide.
CCI30 Increases by 40%
Since the beginning of this year, the CCI30 (Cryptocurrency Index 30) has gained as much as 40%, reversing the initial downtrend. Cryptocurrencies like Bitcoin (available on Coinbase) (BTC), which witnessed a drop in the middle of February 2019, have recuperated losses and slowly moved up. Bitcoin (available on Coinbase), which has a considerable effect on the CCI30, has increased by 20% since the first of this month.
BTC Bull Run
It is time for the cryptizens to cheer because the price of Bitcoin (available on Coinbase) has surged to a 4-month high of $4,900 USD, at the time of writing, and looks to be continuing to grow. The price of BTC increased by almost 17% in just 30 minutes today. The reason behind the surge may have to do with investors going long on this cryptocurrency. It appears to be the start of a bull run for Bitcoin (available on Coinbase). According to speculators, the price of Bitcoin (available on Coinbase) is expected to reach $50,000 USD.