Crypto Market Rally continues with Bitcoin above $ 4,900, Tech Stocks Bounce Back

Tuesday, April 2 – The leading cryptocurrency Bitcoin (BTC) holds on to its profit after a rally last night, while other major cryptocurrency markets also recorded solid growth.

Market visualization of Coin360

BTC trades around $ 4,904 at the time of the press and holds the ground on the day after it first broke the $ 4,500 price tag this year. The currency has gained 17.66 percent on the day, while the profit per week is more than 22 percent.

Today, cryptocurrency bull Brian Kelly suggested that the next Bitcoin target will be $ 6,000 and that the market for cryptocurrency is settling.

Bitcoin price chart for 24 hours. Source: CoinMarketCap

Bitcoin price chart for 24 hours. Source: CoinMarketCap

The second largest cryptocurrency according to market capitalization, Ethereum (ETH), also sees significant daily profits, an increase of more than 16 percent at the time of the press. The altcoin is now trading at $ 164.76, while the highest price on the day was $ 163.63.

Ethereum 24-hour price chart. Source: CoinMarketCap

Ethereum 24-hour price chart. Source: CoinMarketCap

Ripple (XRP) has also increased by around 13 percent in the last 24 hours and is trading at $ 0.3523 at the time of the press. After a peak to the $ 0.364 level in the middle of the day, XRP collapsed somewhat and it has nevertheless experienced a gradual revival of the current price.

As mentioned earlier, Switzerland's most important stock exchange, SIX, listed an XRP-based Exchange Traded Product, claiming that this is the first such product on the market.

Ripple 24-hour price chart. Source: CoinMarketCap

Ripple 24-hour price chart. Source: CoinMarketCap

All coins are in the green zone on the top 20 cryptocurrency list on CoinMarketCap, with a reporting profit of between 0.53 and 44 percent over the last 24 hours at the time of the press.

Among the best winners, Bitcoin Cash (BCH) sees the most profit on the day, more than 44 percent to trade around $ 242.70. Bitcoin SV reports the second largest growth, more than 32 percent and traded at around $ 87.56, while Litecoin (LTC) saw an increase of more than 25 percent in the day to $ 76.17.

The total market capitalization of all cryptocurrencies is around $ 172.39 billion from the press date, an increase from the low of $ 137.90 on March 27 in the week.

Total market capitalization of all cryptocurrencies 7-day graph. Source: CoinMarketCap

Total market capitalization of all cryptocurrencies 7-day graph. Source: CoinMarketCap

Today, technology shares are almost at record levels again, according to Bloomberg. The communications services sector, including companies such as Netflix Inc., Facebook Inc. and Google parent Alphabet Inc., has seen a revival in recent months, with a revival of around 23 percent since December.

CNBC reported earlier today that the Dow Jones Industrial Average is collapsing for the first time in four sessions. The 30-stock Dow closed 79.29 points lower at 26.179.13, while the S & P 500 ended the day just above the flatline at 2.867.24.

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