April 2, 2019 | Investopaper
The world’s most popular cryptocurrency bitcoin price surged by 14 percent in a single day this Tuesday. Bitcoin has lost a huge amount in market cap after the investors observed a huge fall from an all-time high of more than $19000 per unit to less than $4000 in a single year.
Bitcoin has always experienced a huge swing in its price and the same thing was evident this Tuesday after the price increased to more than $4700 dollar which is a 14 percent rise from previous day’s closing. As a result, the market cap increased by $14 billion dollars in a single day.
Other currencies also rose this Tuesday with both ether and XRP rising by around 6 percent.
The question most of the investors want to know is whether or not the surge will be seen in the value of bitcoin so that it can regain its value in the market.