Bitcoin rises for third consecutive day

Bitcoin rose on Thursday's spot trading, continuing its gains for the third day in a row, as the world's largest cryptocurrency dominated the crypto market tradings and continued to rise above the $5,000 psychological barrier, in a sign that the Bull market run returned to control the pace of Bitcoin, amid the positive atmosphere that surrounds the crypto market currently.

As of 07:05 GMT, at Bitstamp, Bitcoin is trading around $5,265, rising by 0.7% or $38, from the opening of $5,222, with the highest at $5,303 and the lowest at $5,224.

Bitcoin rose 0.5% on Wednesday, its second consecutive daily gain, as investment demand on the world's largest cryptocurrency continued to improve.

Whilst, the market value of cryptocurrencies rose more than $2 billion to $180 billion on Thursday, with most of the major currency prices on the market climbing.

While cryptocurrencies' market value was at $186 billion Last week, the highest level since November.

The dominance of Bitcoin over tradings in the crypto market has increased from less than 50% in early April to 52.3% at present, as investors continue to focus on the largest cryptocurrency in the world, also indicating that the recovery is on the right track.

The increase in the dominance and the increase in the holding of prices by trading above the psychological barrier of $5,000, in a sign that the Bull market run came to control the pace of Bitcoin, as news continues to support the positive atmosphere in the crypto market.

While Bakkt focuses on providing its services to enterprises, LedgerX plans to complete the regulations in the United States to launch a futures contract designed to target retail investors.

As the company believes that the market capital of the bitcoin is only equal to the value of the large global stocks, it is unlikely that there will be significant institutional involvement, and therefore focuses on retail investors.

The rebound in the cryptocurrencies rates helped boost Binance's earnings, the largest digital platform in the world, by 66% in the first quarter of this year compared to the previous quarter, indicating that traders are quick to return to the crypto market in the first sign of recovery. Likely to attract traders who are still waiting to confirm the long term bottom.