Bitcoin (BTC) was pushed to a new height early on Tuesday, breaking above $5,500 and returning to levels not seen since November 16, 2018. The prices are also setting new yearly highs, as the price spike extends, giving hopes for a more decisive end to the bear market.
BTC traded at $5,549.14 as of 6:50 UTC on Tuesday, on an upward trend promising to extend the rally. Volumes once again returned to levels above $16 billion’s equivalent in 24 hours. This time, almost all markets are showing prices above $5,500, despite the pairing, with much fewer price anomalies.
The current rally sees about 76% of all BTC volumes happen in the pairing with Tether (USDT), further stressing the importance of the stablecoin for the current recov...