Crypto Market Wrap: Altcoins Surge Double Digits as Volume Hits Record High
Crypto markets surge to new ten month high; Ethereum, XRP, Stellar, Tezos and NEO leading the way.
For the second day in a row crypto markets have surged hitting a new 2019 high and a level not seen for ten months. Bitcoin has remained buoyed up and the altcoins are now revving up to boost total market capitalization up another $10 billion to $245 billion.
Bitcoin took a dive back to $7,700 a few hours ago but traders in Asia have lifted the king of crypto back over $8,000 again. BTC is currently trading level on the day at $8,030 and holding steady for now. Further gains are looking unlikely, but we said that when it crossed $6,000!
Ethereum is heating up today as Bitcoin starts to show signs of possible cooling. Rock bottom priced ETH surged 11 percent from an intraday low of just over $200 to just below $230 where it currently trades. This is the highest level Ethereum has seen for seven months as its market cap pushes past $24 billion.
US is About to Crackdown on Entire Bitcoin Industry: Mati Greenspan
Tuesday July 16, 2019
The United States government is about to crack down on the entire bitcoin industry, according to Mati Greenspan of eToro. The senior market analyst tweeted on Monday that Treasury Secretary Steven Mnuchin’s remarks on...
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$ETH Daily Chart.
Getting close to major resistance. But it also forming an ascending triangle. Expecting a retrace here soon but then to break out higher after.#ETH #ethereum pic.twitter.com/OCsugcazCZ
— CryptoFibonacci (@CryptoFib) May 15, 2019
Ethereum (ETH) in Free Fall, Down 34% Following Bitcoin Cash Idea
Wednesday July 17, 2019
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The top ten is mostly in the green with several altcoins getting double digit FOMO for the first time in months. XRP has extended its run with a further 13 percent on the day to pass $0.43 and Stellar is mirroring its performance as it has done in the past with a 9 percent pump for XLM to $0.12. Cardano is still going strong adding 8 percent as Bitcoin Cash starts to pull back dropping 3%.
A solid wall of green has enveloped the top twenty during Asian trading. Tezos is having a moon shot with a 22 percent taking XTZ to $1.63. NEO is finally getting a massive 14 percent pump to reach $12 and Ontology is adding 12 percent on the day. Even Tron has woken up finally with a 10 percent gain bringing TRX back to $0.029.
FOMO: Project Pai Pumps
There is a lot of FOMO going around at the moment but PAI is getting the most of it with a 25 percent surge on the day. The AI based crypto token has been battered with the rest but is having a rare moment today. As mentioned Tezos is going well with 22 percent and Ravencoin is the third altcoin gaining over 20 percent today.
Taking a hit at the moment is ABBC Coin as it dumps 13 percent today, closely followed by Factom dropping 8 percent. Yesterday’s pump, Holo, is dumping today as expected.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has surged by $15 billion in the past 10 hours or so. Daily volumes are at record highs hitting $107 billion a couple of hours ago propelling market cap to $245 billion. A staggering 32 percent increase has been recorded for crypto markets since the same time last week equating to a cash injection of $60 billion.
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.
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No, Bitcoin Did Not Drop Because of Fed’s Concerns with Facebook’s Libra
Thursday July 11, 2019
Bitcoin and the aggregated crypto markets plummeted over the past day after BTC failed to stabilize in the $13,000 region and incurred a sudden influx of selling pressure that sent it spiraling downwards. Naturally,...
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