Cryptocurrency markets add $70 billion as Bitcoin (BTC) increases $4,000 per day (market watch)

Bitcoin’s price correction lasted for a few days and suddenly stopped as cryptocurrencies soared more than four from bottom to top in less than 12 hours.

Many Altcoins have also turned green, which may be attributed to the positive development of the U.S.-China trade front.

BTC Rockets to $97K

BTC’s May starts with a strong start as its price surges from $93,500 on April 30 to over $97,000 the next day. The Bulls were under pressure, with assets climbing to $98,000 on Friday, the highest price in two months.

While many people are expected to run towards a $100,000 price, BTC’s price trajectory is the opposite and begins to lose its appeal in the next few days. By Monday and Tuesday, the major digital assets had lost nearly five of them, falling to $93,500.

At that time, it was reported that two leading economic powers, China and the United States, planned to meet in Switzerland soon to violate the tariffs of each other. Trade war news has impacted the crypto market over the past few months, and this time is no exception.

Bitcoin reacts to an immediate price increase, driving it from the above lows to over $97,600 in a few hours. Although it has lost some of its appeal and now accounts for around $97,000, it still increased by 3% on the day.

Its market capitalization is close to $1.930 trillion on CG, and its dominance over ALTS is more than 62%.

LTC rebound

According to reports, the SEC delayed its decision to apply for LTC ETFs, with basic assets falling sharply yesterday by more than 8%. However, its 24-hour chart shows a 13% increase, pushing its price higher by $92.

Hype followed suit on daily earnings, soaring $21 after an increase of 6%. CRO, AAVE, SUI, LINK, DOGE, ADA, BCH and HBAR are also good in green.

Since yesterday’s lows, the total amount of crypto municipal cap has exceeded $70 billion, and now the total amount of CG is over $31 trillion.