Crypto Market Wrap: Bitcoin Driving Momentum as Dominance Hits 2 Month High

Crypto markets are back in the green; Bitcoin leading them, Monero, Tezos and BAT top performers.
Market Wrap
Crypto markets are back in the green following a day that looked like a bigger dump was about to unfold. Markets had the jitters following the Binance BSV bashing but they quickly recovered and $5 billion or so has returned to crypto assets pushing total capitalization back over $175 billion again.
Bitcoin is leading the charge as it jumps over 3 percent to reach a five day high of $5,270 before a minor retreat. The next major resistance level for BTC is at $5,400 where it hit last Thursday. A break through this will lead on to higher highs and the rest of the market is likely to follow.
Ethereum has mirrored the gains of its big brother with 3 percent also to reach $167. There have been no independent movements for ETH since the rally a week ago. It is playing the digital sheep right now and copying Bitcoin.
The top ten is pretty much all in the green during the day’s Asian trading session though gains are mixed. The top performer is Binance Coin which has added 4.5 percent to reach $19.75, a three month high. The rest have made a percent or two as BTC pulls them up.
The top twenty paints a similar picture with the exception of two altcoins.  Tezos is pumping ten percent as it reaches $1.16. The momentum appears to be coming from the French finance minister’s public endorsement of XTZ a couple of days ago;

Ripple (XRP) Price Trading Near Make-or-Break Levels
Friday April 19, 2019

Ripple price climbed sharply towards the $0.3500 resistance before sellers appeared against the US dollar. The price formed a high near $0.3489 and recently corrected lower sharply below $0.3400. There is a key bullish...

The post Ripple (XRP) Price Trading Near Make-or-Break Levels appeared first on 12bitplay - Bitcoin Play.

"I am thinking in particular of Tezos which allows the development of a blockchain protocol overcoming the known defects of public blockchains."@BrunoLeMaire, France Minister of the Economy and Finance in interview to @MagazineCapital #Tezos $XTZhttps://t.co/5jRz3N9MkX
— Tezos Announcements (@tezosbulletin) April 15, 2019

Bitcoin Price Prediction: BTC Bulls Waiting On Sidelines To Go Big
Tuesday April 16, 2019

Bitcoin price struggled to break the $5,190-5,200 resistance area and declined against the US Dollar. The price revisited the $4,940 support area and recently rebounded above $5,000. There is a crucial bearish trend line...

The post Bitcoin Price Prediction: BTC Bulls Waiting On Sidelines To Go Big appeared first on 12bitplay - Bitcoin Play.

Monero is also having a strong run now as it adds 6 percent climbing to $68. Ontology also doing well with over 4 percent on the day and as expected BSV is still falling back, now down to $56.
FOMO: BAT Getting Attention
Today’s fomo spike is BAT which has jumped 12% on the day as volume ramps up to $50 million. More progress and adoption for the Brave browser and BAT micropayments is adding to the momentum.

Bitcoin Bull Tom Lee: Alt-Season May Be Underway, Crypto Assets To See Strong Rally
Sunday April 21, 2019

All eyes may be on Bitcoin (BTC), but other crypto assets have seen their fair share of gains since the start of 2019, sparking calls that what is known as “altseason” is right on...

The post Bitcoin Bull Tom Lee: Alt-Season May Be Underway, Crypto Assets To See Strong Rally appeared first on 12bitplay - Bitcoin Play.

Great to see @internetarchive receive "more than 9k Brave Attention Tokens (BAT) – the equivalent of $2500 USD! Every little bit makes a big difference." https://t.co/3FBLhUvnBb
— BasicAttentionToken (@AttentionToken) April 15, 2019

Aside from Tezos there are a few other altcoins doing well today and the include Status, Theta, WAX and Enjin Coin. ABBC Coin is the only one getting dumped at the moment as it loses 8 percent on the day. There are a few that are flat but the majority are gaining at the moment.
Total market cap 24 hours. Coinmarkertcap.com
Total crypto market capitalization has reached $176 billion following a gain of around $4 billion. Bitcoin is solely responsible for the current momentum and that has been reflected in its market dominance which has increased to 52.4%, its highest for two months.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Bitcoin Driving Momentum as Dominance Hits 2 Month High appeared first on NewsBTC.

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