Crypto Market Soars $70B on BTC Rally

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HYPE and LTC are today’s top performers from the larger-cap alts.

Bitcoin’s price correction that lasted a few days came to an abrupt halt as the cryptocurrency skyrocketed by over four grand from bottom to top within less than 12 hours.

Many altcoins have turned green as well, which could be attributed to positive developments on the US-China Trade War front.

BTC Rockets to $97K

BTC had a strong start to May, as its price surged from $93,500 on April 30 to over $97,000 the next day. The bulls kept the pressure on, and the asset climbed to $98,000 on Friday, its highest price tag in over two months.

While many anticipated a run toward $100,000, BTC’s price trajectory reversed, and it started to lose traction in the following days. By Monday and Tuesday, the primary digital asset had lost almost five grand and slipped to $93,500.

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