• Bitcoin touched a new monthly high of $17,500.
• Ripple was the best performing altcoin, increasing by 4%.
• Bitcoin has been gaining value steadily since the start of 2021.
Bitcoin, the world’s largest cryptocurrency, has been steadily increasing in value since the start of 2021. Over the past week it had climbed up to the $16,500 mark, and then on Monday morning, it finally breached the $17,000 line. This was the first time in a while that Bitcoin had been above this mark and it hasn’t looked back since. In fact, it has been steadily increasing in value, and earlier today it tapped a new monthly high of $17,500.
Among the larger-cap altcoins, Ripple was the best performer today, increasing by 4%. This jump was enough to make it the best performing altcoin of the day. The majority of other altcoins were slightly in the green as well, indicating that the market is bullish.
Overall, Bitcoin’s performance has been encouraging and with no signs of slowing down, it appears that the cryptocurrency’s value will continue to increase throughout the year. This is great news for investors and could lead to a bright future for the cryptocurrency market.