2019 is wanting up for the Bitcoin and cryptocurrency markets, with a brand new yearly excessive being put in on Apr 10.\u00a0\nThe entire cryptocurrency market capitalization has been on an absolute tear in current months. Varied altcoins \u2014 akin to DASH (DASH), Zcash (ZEC), and others \u2014 noticed their valuations spike forward of Bitcoin\u2019s newsworthy soar to $5000 on Apr 2.\nThe entire market cap for all cryptocurrencies reached over $186B 5 days in the past.\n\n\u2018A Sustained Stabilization\u2019\nCosts have since cooled off and corrected, however now seem able to make one other leg upwards ought to consumers take management early this week.\n\u201cAfter the false breakout earlier this week, cryptos took a step down,\u201d eToro\u2019s Mati Greenspan defined, as famous by Forbes. \u201cThe fact that we failed to go further up speaks volumes about the current appetite, but it doesn\u2019t necessarily mean it will go lower, as many bears have indicated,\u201d Greenspan added:\nActually, for my part, the most probably state of affairs is that we now create a brand new vary, and even, hopefully, a sustained stabilization \u2026 The market is clearly nonetheless excited.\n\nBitcoin Dominance\nAlthough Greenspan and others have been apt to label the cryptocurrency market\u2019s value motion pre-Apr 2 \u201caltseason,\u201d one ought to notice that Bitcoin (BTC) dominance has remained constant all year long.\nActually, Bitcoin dominance solely ever dropped under 50 % as soon as, on Apr 3, when it fell to 49.98 %.\n\nBullish on Bitcoin (BTC)\nMany analysts have lately come again into the highlight to share their newly-rekindled bullishness on the cryptocurrency market chief.\nXapo CEO Wences Casares, for instance, believes that it could be \u201cirresponsible\u201d for any investor to not have no less than a one % place in bitcoin \u2014 citing the concept that the at first cryptocurrency may very well be extra impactful than the Web.\nFamous Bitcoin permabull Tom Lee additionally claims the sentiment surrounding Bitcoin has turned, whereas predicting that the cryptocurrency will hit $10,000 by the top of the yr.\nEven Binance Analysis has put forth knowledge which can point out that Bitcoin and brethren have bottomed out.\nWhat do you consider Bitcoin and the cryptocurrency market in April? Do you assume we\u2019ve seen the underside, or are we in for extra ache? Tell us your ideas within the feedback under!\u00a0\nPhotos courtesy of CoinMarketCap, Shutterstock.\nThe submit Market Caps for Bitcoin and Altcoins Set to Check New Yearly Highs appeared first on Bitcoinist.com.