BTC Tests $5,000 Amid 2019's First Major Crypto Market Recovery

Wednesday, April 3 - Bitcoin has tested the $5,000 mark for the first time since November 2018, as crypto markets are on the rise for the third day in a row.

Bitcoin's market cap has gained over $1 billion compared to yesterday's charts, when BTC was mostly trading around $4,700.

Reaching around $88 billion during the night peak, BTC market cap currently totals around $87.4 billion.

Ethereum, currently the world's second-top cryptocurrency by market cap, enters April 3 in the green, with up to 10 percent gains in 24 hours.

While the coin's rate was hovering around $150 yesterday, today it is trading above $165. ETH's market cap gained almost $2 billion in a day, climbing up to $17.6 billion at press time.

Its market cap is $1 billion larger than yesterday - over $14.7 billion.

The total market capitalization of all cryptocurrencies has also seen a significant increase in comparison to April 2, when it peaked at $163 billion.

The highest point today has been at $176.9 billion, declining to around $173.8 billion at press time.24-hour total market capitalization chart.

The major market recovery, which started late April 1, has been widely discussed both in the crypto community and financial world.

According to the financial experts quoted by the news agency, the gain was probably triggered by a 20,000 BTC order that was spread around U.S.-based crypto exchanges Coinbase and Kraken and Luxembourg's Bitstamp.