Cryptocurrency assets on Tuesday rose in price. Bitcoin added more than 3% and reached $ 5220, Ethereum reached $ 165 resistance, and the price of XRP rose to the level of $ 0.3250. The total market capitalization of cryptocurrency rose to $ 176 billion.
On Wednesday, the main cryptocurrencies at the time moved to growth against the background of good financial performance of Binance crypto-exchange for the first quarter of 2019. At the end of the quarter, Binance made a profit of $ 78 million, which is 66% more than in the previous quarter. In addition, the Japanese marketplace Rakuten began registering its cryptocurrency.
Bitcoin is trading close to the maximum of 2019 at 5,390 dollars and maintains an upward trend. The key resistance for the main cryptocurrency is at the level of $ 5300, the breakdown of this resistance will allow Bitcoin to develop an upward momentum. The lack of a fundamental background for strengthening cryptocurrency allows skeptics to talk about price manipulations of the market by large players. Given the relatively low market volume and some features of the recently launched price rally, it can be assumed that suspicions are not far from the truth. The price of cryptocurrency, including Bitcoin, can be easily shifted by one or several large transactions on the exchange. This allows artificially inflating the price, which can be used in the future for selling even larger volumes of cryptocurrencies in the over-the-counter market.