By Bitcoin (BTC) achieved a new 2019 high on June 21st when it spiked to $9,800 and began beating daily returns against almost all other top 100 cryptocurrencies.
As per data from Coin360, BTC/USD was trading around $9,701 at the time of writing on Friday 21 June after a minor correction from earlier highs.
This outstanding performance is a clear indication of BTC’s bullish behaviour over the past three months having surprised experts and investors again after reclaiming the $9,000 mark this week.
The monthly (30-day) gains for BTC investors now stand at a whopping 26.5%.
Prior to this, many experts predicted that a break to $10,000 would result in notable demand among potential investors and this would of course ultimately lead to push the price of BTC even higher.
Tom Lee, a bitcoin bull stated:
“In most markets, a ‘new high’ is needed to confirm a breakout[.] But with (bitcoin), when it trades at a price seen only 3% of its history, this has confirmed a new high imminent. This makes crypto different.”
Altcoin Markets:
In spite of Bitcoin’s performance, the altcoin markets were slow to react. At the time of writing Ethereum (ETH) did however manage to beat the first cryptocurrency’s 24 hour returns managing a 6.9% gain and hitting $287.
The last time ETH/USD traded at that level was back in September, making the pair come full circle in around nine months in a pattern, which closely tracks bitcoin.
Other top twenty altcoins did not perform as well as ETH and BTC.
Lastly, the current market cap stands above $300 billion which is the highest since July 2018. Out of that, Bitcoin holds 57.7% market dominance, its highest peak since December 2017.
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