Altcoins Hit New Highs After Bulls Push Bitcoin Price Back Above $ 50K By Cointelegraph

Altcoins Hit New Highs After Bulls Push Bitcoin Price Back Above $ 50K

Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of (BTC) was accompanied by a market-wide recovery with a majority of altcoins in green. It is likely that the breakout was facilitated by bullish valuations by analysts at JPMorgan Chase (NYSE 🙂 and by PayPal’s announcement that demand for the purchase of cryptocurrencies had exceeded expectations.

Data Cointelegraph Markets and TradingView shows that after rebounding nearly $ 47,000, Bitcoin returned above the support level of $ 50,000 and climbed above $ 53,500, while Ether (ETH) collected $ 2,500.

4 hour graph. Source: TradingView
Average transaction fees on the Bitcoin network. Source: Glassnode
Clear change in the position of minors. Source: Glassnode
Daily performance of the cryptocurrency market. Source: Room360