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With the bears leaving the market, the collective cryptocurrency market was soaring by double digits. Even though Bitcoin BTC was leading the rally, the king coin was not the crypto posting the highest price hike in 2019.
Binance, the largest cryptocurrency exchange’s native crypto, Binance Coin [BNB] saw a surge in its price by a massive 292.25%, followed by Litecoin [LTC] with 217.86% from January 2019 till May 2019.
Bitcoin, which caused the rally of most major coins, reported a 104.44% from January 2019 to May 2019. Bitcoin BTC, the largest cryptocurrency, crossed its recent $7k mark and was valued at $7,360.77 with a market cap of $130 billion, at press time. The 24-hour trading volume of the coin was reported to be $29.50 billion as it spiked by 8.53% over the past day and continued its bullish momentum by 1.36% in an hour.
Source: https://ambcrypto.com/bitcoin-btc-surges-by-104-in-2019-binance-coin-bnb-takes-the-lead-with-292-growth/
I think it is now official that the bear market has finally been beaten by the bull and so we are looking forward for more greens and growth for the rest of the year that is if there will be no negative developments that can affect the whole market. While the focus right now is on Bitcoin, alts are also showing some movements though not as dramatic as we had seen in 2017 except for BNB which leads the way in terms of growth despite the recent Binance hack.