All major cryptocurrencies have registered a surge over the past 7 days, with BTC crossing $19,000 for the first time since October on Thursday. The legacy coin has gained 4.07% in 24 hours and 12.64% in 7 days, according to Coinmarketcap.com data.
The Bitcoin Fear and Greed Index on Wednesday shot up from 26 to 30, indicating the market has gained confidence and fear has subsided. On Friday, it stood at 31.
At the time of writing, BTC’s trading price is $18,840, a level last seen before the collapse of FTX. Trading at $17,911 on early Thursday, the apex coin pumped up by nearly $1000 by the evening, and has since maintained the high price.
According to coinmarketcap.com data Ethereum which is priced at $1,411 has gained 0.87% in 24 hours and 13.17% in 7 days. BNB gained 1.65% in 24 hours and 12.19% in 7 days. Cardano, Dogecoin, and Polygon surged 22.81%, 13.75%, and 17.21%, respectively.
Bitcoin Cash (BCH) has jumped nearly 10% in the past 24 hours and is trading at the $120 level. At the start of the week on January 6, BCH was selling for $100. The coin gained 8% the day before.
Bitcoin Cash is slated to go for a hard fork in May, which will enhance the security and privacy of the new network. An assortment of new features including smaller transaction size and speed up transaction time, as well as adding smart contract capabilities are planned for the network in May hard fork.