Bitcoin Breaks $9,000 In Latest Landmark Price Point

Bitcoin Breaks $9,000 In Latest Landmark Price Point

Thursday, May 30 —  in the latest milestone of its renewed bull run, bitcoin (BTC) today broke past $9,000, soaring to its highest price point in over a year. Most of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows.

Bitcoin broke the psychological price point of $9,000 earlier today, hitting a high last seen in early May 2018. To press time, the top coin is up 1% on the day and is trading at $8,802, according to CoinMarketCap data. In recent days, bitcoin had been comfortably trading in the $8,600-800 range.

On the week, the cryptocurrency’s gains have surged to a bullish 14.5%.

Largest altcoin by market cap ether (ETH) has seen a gentle gain of 2.25% on the day to press time to trade around $279. Ether has correlated with bitcoin’s price surge, breaking above $285 earlier today. The altcoin last traded in a similar range in the first week of September 2018.

Ether has sealed a strong 16.7% gain on the week.

XRP has reported a 2% gain on the day to trade at $0.46 by press time. The asset has seen positive upward momentum since May 27, and has capped a gain of above 21% on the week.

Among the top ten cryptocurrencies at press time, seven are in the green. The three outliers — eos (EOS), litecoin (LTC) and native exchange token binance coin (BNB), ranked fifth, sixth and seventh largest coins by market cap respectively — are all reporting slight losses of below 1%.

A major outlier in a green direction is eighth largest coin bitcoin SV (BSV), which has seen an almost 11% gain on the day to trade at $201.78 to press time. Other top ten cryptos are reporting gains of up to 2% on the day.

The co-founder of cryptocurrency investment holding firm Primitive Ventures Dovey Wan has claimed that fake news circulating in China may be responsible for bitcoin sv’s sudden recent price surge. Read more

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