Bitcoin price & Altcoin analytics

Research conducted by Southern Methodist University showed that trends on Twitter and Google influence prices of cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH).

The whole blockchain and crypto market has seen gains in the prices of digital assets, especially Bitcoin, the oldest and leading cryptocurrency by market capitalization. On May 12, Bitcoin (BTC/USD) traded above the $7500 price level, which is its record high price since August 3, 2019 (around nine months). Several crypto analysts anticipate BTC to skyrocket and hit $10,000 before this month ends.

For over half a year, Bitcoin has been trading low and the entire crypto market was in a depression, until surprisingly on May 9, the world’s leading cryptocurrency by market cap surged above the $6,000 price level. Experts in the digital currency industry are optimistic that the next bull run is possible and could even happen earlier than it was expected.

Last month has been characterized by great changes on the cryptocurrency market. Some  altcoins such as Bitcoin Cash and VestChain drastically surged in price, while others lost up to 63% of their value. Here you can find a list of the 7 worst performing coins out of the top 100.

This month started with a major rebound of the market, the Bitcoin price rose nearly 20% over an hour. Most altcoins followed Bitcoin’s lead and surged in value as well. Let’s take a closer look at the top 100 cryptocurrencies on the market and find the best performers.

The 26th crypto by market capitalization and one of the oldest altcoins with a lot of users, Dogecoin (DOGE), entered April with significant value gains and was among the top cryptocurrencies that recorded weighty gains after Elon Musk, Tesla and SpaceX founder, made some positive comments about the coin. The all-time high and low for the coin is $0.018773 USD (Jan 07, 2018) and $0.000085 USD (May 07, 2015) respectively.

An official announcement from the office of the New York (NY) State Attorney General has revealed that the responsible authority is carrying out thorough investigations into iFinex, the firm behind stablecoin Tether and cryptocurrency exchange Bitfinex, in a purported $850 million fraud case.

The CEO of ShapeShift and long-time Bitcoin (BTC) advocate, Erik Voorhees, shared a chart on Twitter showing that the quantity of confirmed daily Bitcoin transactions has again hit 400,000 – a level that was recorded during the 2017 crypto bull run when Bitcoin was trading around $20,000.

Following the April recovery of Bitcoin (BTC) and other major cryptocurrencies, the market interest in Italy has suddenly increased. Last year was a bad period for blockchain and the entire cryptocurrency industry, but in 2019, Bitcoin, the leading cryptocurrency by market cap (MC) is doing better than the stock market, gold, real estate market, oil and gas.