Bitcoin Price Surpasses $90,000 for First Time in Six Weeks

The price of Bitcoin has been gradually growing lately, thanks to which the most popular cryptocurrency in the world has managed to overcome the psychological mark of $90 thousand per coin. The last time the cryptocurrency rate reached such values ​​was March 7, that is, about six weeks ago.

Image source: Unsplash, André François McKenzie

Bitcoin has gained 3.3% in the last 24 hours, bringing its weekly gain to 7.3%. According to CoinGecko, Bitcoin’s market share currently stands at around 61.6% and has continued to grow in recent days. This indicates that the most popular cryptocurrency is outperforming the altcoin market. According to the same source, Bitcoin’s dominance has reached a 4-year high, indicating a high level of investor confidence in the cryptocurrency.

As for altcoins, many of them are also showing growth. For example, the Ethereum rate increased by 1.5%, XRP by 1%, and SOL and DOGE added almost 4% each. The total capitalization of the cryptocurrency market has remained almost unchanged over the past 24 hours and amounts to about $2.75 trillion. The volume of digital asset trading over the same period reached about $87 billion.