Saturday, May 5 : All eyes are on the markets this week as they consolidate a rally to levels not seen since early March, with Ethereum (ETH) and Bitcoin (BTC) leading the way, as data from Coin360[1] shows.
Market visualization by Coin360[2]
Bitcoin[3] (BTC) has been tantalizingly close to breaking the $10,000 threshold, trading at $9,942[4] to press time, and as high as $9,991 over the 24 hour period.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index[5]
Crypto commenter Joseph Young has pointed out that looking beyond the global markets’ average, BTC has in fact already broken through $10,000 on Asian markets:
At last $10,000 here we come!
Bitcoin already $10k in South Korea and Hong Kong.
We're not too far away from "I wish i bought bitcoin at $6,000 and Ether at $400" pic.twitter.com/gwX2th2yw8[6]
— Joseph Young (@iamjosephyoung)
Ethereum[8] (ETH) continues its impressive rally, trading at $823[9] to press time. The altcoin’s monthly gains have surpassed an astonishing 115 percent. For now at least, the positive response to news of forthcoming scalability improvements[10] for ETH’s platform appears to be eclipsing the impending SEC enquiry into a possible security classification[11] for ETH this coming Monday, May 7.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index[12]
Total Market Cap is edging closer to half a trillion, now at $470 bln[13], according to data from Coinmarketcap. A market of this size can no longer be ignored[14] by major institutional players, as Blockchain Capital partner Sencer Bogart remarked Friday on CNBC.
Investment banking giant Goldman Sachs in fact preempted its Wall St competitors
