Cryptos Are Exploding Higher, Bitcoin At 12-Month Highs

in cryptocurrency •  5 years ago 

The cryptocurrency market cap surged above $260 billion in early Asian trading tonight as the entire space legs to a new cycle high, led by Litecoin with Bitcoin hitting 12-month highs.


Source: CoinMarketCap.com

Litecoin is up around 12% in the last hour and the rest of the crypto-space is up 7-8% suddenly.

Bitcoin broke out of its recent tight range around $8000, surging up to $8800...

Its highest level since May 2018...

But almost the entire cryptospace is a sea of green...


Source: Coin360.com

While the timing is coincidental with EU election exit polls hitting (suggesting a significant shift to eurospektic parties), there is no indication of the buying pressure coming from that, rather more likely a renewed interest from Asia as US-China tensions continues to escalate and residents seek an alternative safe haven.

https://www.zerohedge.com/news/2019-05-26/cryptos-are-exploding-higher-bitcoin-12-month-highs

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  ·  5 years ago Reveal Comment

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Hope finally bear market comes to an end and bullrun starting again.Time to buy more btc,eth and add extra altcoins like veil,grin,monero.

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