Crypto Market Wrap: Stellar (XLM) Shoots For The Moon as Markets Hit New Highs
Crypto markets hit another high; Ethereum, Stellar, Cardano, ETC and NEM on fire.
Yet again crypto markets have surged to a new high for the year. This time the altcoins are in control as Bitcoin remains steady above $8,000. Total market capitalization pumped by a further $20 billion topping $260 billion as the bulls keep buying.
There is no stopping Bitcoin at the moment. A few hours ago, during the morning’s Asian trading session, BTC hit another new high for the year at just over $8,300. It has since pulled back to the temporary support level of $8,000 where it currently resides. There has been a lot of talk of a larger correction but as yet it has not materialized.
Ethereum is on fire today with a massive spike of 20 percent to hit its highest price for almost a year. ETH touched $270 a few hours ago before retracing back to $260 where it is trading at the moment. As reported by NewsBTC yesterday, Ethereum was predicted to surge as Bitcoin cools off.
The top ten is pumping at the moment with double digit gains for a couple. Stellar has lifted off surging over 30 percent on the day to hit $0.157, its highest price since the big November dump. The momentum appears to be FOMO driven but Poloniex has announced Stellar inflation rewards which could also be contributing. Cardano is also cranking with an 11 percent drive up to $0.095. Litecoin is back at $100 and BCH has hit $420 as altcoins light up the markets.
Ethereum Still Bullish With Record Trading Volumes and Solid Fundamentals
Tuesday May 21, 2019
Bitcoin has been getting all the attention recently as it has doubled in price since early April. The big move has shifted total market capitalization over $250 billion for the first time in ten...
The post Ethereum Still Bullish With Record Trading Volumes and Solid Fundamentals appeared first on 12bitplay - Bitcoin Play.
Poloniex announces Stellar inflation rewards via /r/Stellar #xlm #stellar https://t.co/wScODWPBTh
— Stellar Reddit (@RedditStellar) May 15, 2019
Crypto Startup Circle Cuts Staff, Cites Bitcoin Market Conditions
Tuesday May 21, 2019
According to a recent tweet from Jeremy Allaire, the co-founder of crypto startup Circle, he has just made the decision to eliminate (fire) a number of employees. Allaire says that “approximately 30” positions were...
The post Crypto Startup Circle Cuts Staff, Cites Bitcoin Market Conditions appeared first on 12bitplay - Bitcoin Play.
The top twenty is a wall of green with NEM shooting for the moon with a 40 percent surge today. Ethereum Classic is following its big brother adding 18 percent to reach $8 and Bitcoin SV and IOTA are both over 12 percent higher today.
FOMO: NEM Revived
Today’s top one hundred top performer is NEM pumping over 40 percent. Volume has surged from $18 to $73 million as XEM hits $0.10 for the first time since August last year. The FOMO is being spread around as Dent gets a 30 percent boost and even Verge has been revived from death with a pump of 26 percent on the day. There are too many altcoins in double digits to mention here which is not a bad thing!
Only ABBC Coin is getting dumped with 5 more percent lost today. And of course yesterday’s pump, PAI, is dumping predictably today. Aside from those two only the stablecoins are showing red at the moment.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has increased by another $20 billion surging to a new ten month high of $264 billion. A slight correction over the past couple of hours has dropped them back to $255 billion. Volume remains at record levels of $110 billion and Bitcoin’s dominance has fallen back below 56 percent as altseason gets under way as predicted.
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: Stellar (XLM) Shoots For The Moon as Markets Hit New Highs appeared first on NewsBTC.
Crypto Market Wrap: Binance Coin Hyped on Mysterious Tweet, BSV Still Surging
Wednesday May 22, 2019
Crypto markets remain range bound; Binance Coin and Bitcoin SV lifting off, ETH grinding up. Market Wrap Crypto markets are still flat today as the consolidation continues. There has been very little movement on...
The post Crypto Market Wrap: Binance Coin Hyped on Mysterious Tweet, BSV Still Surging appeared first on 12bitplay - Bitcoin Play.