Crypto Market Rally Continues With Bitcoin Above $4,900, Tech Stocks Bounce Back

The leading cryptocurrency Bitcoin (BTC) is holding its gains following a rally last night, with other major cryptocurrency markets registering solid growth as well.

BTC is trading at around $4,904 at press time, holding ground on the day after it broke the $4,500 price mark for the first time this year. The coin has gained 17.66 percent on the day, while its weekly gains are over 22 percent.

Today, cryptocurrency bull Brian Kelly suggested that the next Bitcoin target is going to be $6,000, and that cryptocurrency market is finding its bottom.

The second largest cryptocurrency by market capitalization, Ethereum (ETH), is also seeing significant daily gains, up by over 16 percent at press time. The altcoin is now trading at $164.76, while its highest price point on the day was $163.63.

On the top-20 cryptocurrency list on CoinMarketCap, all the coins are in the green zone, reporting gains between 0.53 and 44 percent over the past 24 hours at press time.

Among the top gainers, Bitcoin Cash (BCH) is seeing the most gains on the day, up over 44 percent to trade around $242.70. Bitcoin SV is reporting the second most growth, up over 32 percent and trading at around $87.56, while Litecoin (LTC) has seen an increase by over 25 percent on the day to trade at $76.17.

Total market capitalization of all cryptocurrencies is around $172.39 billion as of press time, up from the intraweek low of $137.90 on March 27.