Although the Bitcoin rally was short-lived, altcoins seemed to benefiting the most from this rally. Bitcoin Cash [BCH], at the time of writing, was up by 12.83%, while Litecoin was up by 6.74% and Tron was pumping by 6.01%.
Bitcoin Cash [BCH]
The price, at press time, was $270 and the market cap was $4.8 billion. Over the course of 7 days, the price fell, but was trying to get back up. From April 30 to May 01, the price of BCH surged by approximately 18%. However, the price seemed to witness a market correction.
BCH has performed well in 2019, with its price recording a rise of 90% this year. It reached a high of 142% on April 03, 2019.
Litecoin also had a splendid start to the year, making people believe that Litecoin’s bull run had begun. Litecoin was up by approximately 8.79% over the past 24 hours.
Additionally, LTC was up by approximately 157% since the start of the year, with a maximum increase of 243%. The price of Litecoin at press time was $73.24 and it had a market cap of $4.55 billion.
Tron prices were up by 5.56% over 24-hours. The prices recorded a significant rise over the past 7 days, after a briefly drop.
The YTD increase in price was only 32%, which is the lowest among the above-mentioned coins. At press time, the price of TRX was $0.0247 and it had a market cap of $1.06 billion.
Ever since the Golden Crossover was spotted with Bitcoin, the community’s sentiment towards cryptocurrencies has turned bullish. The popular belief was that it marked the end of the crypto-winter and the beginning of a bull run. However, the recent Tether and Bitfinex fiasco caused the sentiment to turn bearish.
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