Crypto Markets See More Gains In The Wake Of America's Tax Day

The crypto markets are continuing on their upswing today, with Bitcoin over $8,500 and Ethereum approaching $600, according to Coin360 data.

BTC is currently up more than 3 percent over a 24 hour period, trading at around $8,549.

BTC dominance had been around 40 percent since March 1.

ETH is up around 10 percent over a 24 hour period, currently trading at about $591, a price point it had hit last on March 16.

Of the top ten coins on CoinMarketCap, Ripple is up the most, over 20 percent over a 24 period, trading at around $0.87 by press time.

Fundstrat's Tom Lee had tweeted a poll two days ago on April 18, the day after US tax day, asking his followers what they thought BTC's price would be in July of this year.

Lee had previously predicted that a massive crypto sell off before the April 17 tax day in America was what could have caused crypto's slump since the new year.

CRYPTO POLL: Final tally... 64% see #BTC >$12,000 by mid-year.

This past week has also seen several traditional Wall Street players move into the crypto sphere, perhaps triggering an interest in crypto by institutional investors that has positively affected the market.

5 percent over a 24 hour period and trading at around $0.03.