Where Bitcoin (BTC) goes, the rest of the crypto market tends to follow. And with the top ten in green, it stands to reason that Bitcoin price is also faring nicely. In fact, BTC price as of late has been giving investors food for thought.
The first three months of 2019 have seen the coin make double-digit gains and this marks its best quarterly performance since Q4 2017.
While 2018 saw the coin hit all-time-lows, 2019 has surprised somewhat.
Today, Bitcoin price is up 1.29% and selling for $4,157.87 USD per coin. Mid last week saw the coin finally rise above the $4,000 resistance mark and it has maintained its stronghold above that mark—even hitting highs of $4,275 on Saturday.
The current price represents a 13% gain on January’s opening price of $3,693, according to Bitstamp data.
This is the first time Bitcoin has made a double-digit quarterly gain since the end of 2017 when prices rallied a 220.84%. While it is no way near those days—and Bitcoin has dropped about 80% in value since— the double-digit gain still gives bulls something to hold onto.
Elsewhere on the market, other coins besides Bitcoin are also in the green, with Binance Coin (BNB) leading the pack. Currently, Binance Coin is up 4.59%, continuing a high from the news that it was the top performing crypto in the top 10 coins in Q1 2019.
BNB surged 185% during this period, jumping from $6.069 to $17.335, according to Messari. Now, BNB is trading at $18.03 USD per coin.
Stellar (XLM) is on the rise almost 3% at the time of writing, selling for $0.11 USD approximately. Stellar has been on a roll since the beginning of 2019. The first lift came from Coinbase announcing a $100 million USD Stellar airdrop.
Then, news that IBM would be using the Stellar blockchain to power its latest deals with banking institutions also lifted the coin.
All-in-all, between the first week of February and the end of March, the total market capitalization of Stellar is up by more than 29.7% according to CoinMarketcap.
What coins do you have your eyes on? Were you excited by the growth in Bitcoin price?
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