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Major Altcoins Turn Bullish as BTC Surges Again Over $50K

  • The crypto market has recovered from the bearish trend.
  • Major altcoins reached new all-time highs.
  • After the Bitcoin (BTC) price spiked over $50,000.
  • ETH, BNB, XRP, ADA, and other leading crypto show bullish signals.

Major altcoin reached a new all-time high price after the Bitcoin (BTC) price spiked over $50,000 once again.

Notably, in the last two weeks, the crypto market has dropped three times. While Bitcoin has been moving downwards after reaching the all-time high of $66,000 on April 17. In addition, BTC further fell making a drop to a low of $47,159.49.

This crypto market dump made the investors wonder whether the market will recover and bounce back to normal. Currently, the crypto market has recovered from the bearish trend.

In addition, the BTC price surged over $50,000. According to CoinGecko, the BTC price is $54,679, at the time of writing.

BTC/USDT Price Chart (Source: TradingView)
BTC/USDT Price Chart (Source: TradingView)

Major Altcoins Turns Bullish Reaching New Highs

Leading altcoins such as Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) are showing bullish trends in today’s crypto market. Moreover, ETH had gained around 20% within the last seven days. Alongside this, the ETH price currently at $2,556 is nearing its expected new all-time high price of $3,000.

Leading Crypto Bullish Trend (Source: CoinMarketCap)
Leading Crypto Bullish Trend (Source: CoinMarketCap)

On the other hand, BNB, XRP, and ADA are among the leading cryptocurrencies of today. In detail, the BNB price of $542 has surged to over 8.75% this week. Additionally, the XRP price sitting at $1.41 also resulted in 11.82% gains. While the ADA price caused over 6.77% gains to its crypto holders at almost $1.26 per unit.

Not only are the leading cryptocurrencies are showing significant gains, but also top altcoins. These include SeChain (SNN), TriumphX (TRIX), Moon Stop (MOON STOP), Crypto Village Accelerator (CVA), and YAMv2 (YAMV2).

Top Altcoin Gainers (Source: CoinMarketCap)
Top Altcoin Gainers (Source: CoinMarketCap)

Taking this into consideration, 2021 will continue showing a bullish crypto market. Therefore, the crypto market looks promising for both institutional investors and cryptocurrency traders.

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Alyssa Wiselin

Crypto trading has enticed Alyssa Wiselin to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.

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