Bitcoin as a whole is now worth $100 billion for the first time this year as the cryptocurrency market continues its bull run that began in early April, spurring on ethereum, Ripple's XRP, litecoin, bitcoin cash, and EOS. The bitcoin price surge follows a report that suggests the bitcoin price has already bottomed for this market cycle and is now going to resume its march higher. Getty"We continue to believe the bottom is in," analysts Delphi Digital, a digital asset research firm, wrote in a report out yesterday. Bitcoin cash, ethereum, Ripple's XRP and EOS have all climbed between two and seven percent over the last day's trading. Bitcoin is, though, trading at a $300 premium on the Bitfinex cryptocurrency exchange, now over $6,000 per bitcoin, amid speculation investors are exiting the tether stablecoin, which shares management with Bitfinex.

Source: Forbes May 03, 2019 10:15 UTC