As Bitcoin recovered to over $5,200, the crypto market has found new momentum, pushing others like Ethereum to recover.
Year-to-date, the price of Bitcoin (BTC) is up 40% against the United States dollar, and other major cryptocurrencies such as Ethereum and Litecoin have also demonstrated strong gains in the past four months.
Performance of crypto assets in the past month. Source: coin360.io
From April 1 to April 3, based on CoinMarketCap data, the price of Bitcoin surged from $4,100 to $5,041, by around 22% against the U.S. dollar.
After experiencing a slight retracement, Bitcoin along with Ethereum and the rest of the cryptocurrency market are showing signs of new momentum, with BTC recently breaching $5,200.
What caused the…
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