The cryptocurrency market cap surged above $260 billion in early Asian trading tonight as the entire space legs to a new cycle high, led by Litecoin with Bitcoin hitting 12-month highs.
Litecoin is up around 12% in the last hour and the rest of the crypto-space is up 7-8% suddenly.
Bitcoin broke out of its recent tight range around $8000, surging up to $8800...
Its highest level since May 2018...
But almost the entire cryptospace is a sea of green...
While the timing is coincidental with EU election exit polls hitting (suggesting a significant shift to eurospektic parties), there is no indication of the buying pressure coming from that, rather more likely a renewed interest from Asia as US-China tensions continues to escalate and residents seek an alternative safe haven.
https://www.zerohedge.com/news/2019-05-26/cryptos-are-exploding-higher-bitcoin-12-month-highs
About 83.71$ has been spent to promote this content using Steemium.
Learn more here!
You got a 41.19% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
You got a 31.18% upvote from @brupvoter courtesy of @steemium!
You got a 5.35% upvote from @minnowvotes courtesy of @steemium!
Hope finally bear market comes to an end and bullrun starting again.Time to buy more btc,eth and add extra altcoins like veil,grin,monero.