Following several days of consolidation around and beneath $55,000, bitcoin finally made a move and jumped above $58,000.
While the altcoin market was producing impressive price pumps lately, bitcoin seemed stalled at best.
The bears used BTC’s inability to breakout and pushed it south again to about $52,000 on April 29th.
Consequently, the asset traded around $54,000 before it finally made a notable move upwards.
On its way up, bitcoin’s market cap solidified its position well above $1 trillion.
As mentioned above, most alternative coins have been on a roll lately, perhaps none more impressive than the second-largest cryptocurrency.