Crypto Market Wrap: Bitcoin Cash and Litecoin Keeping Markets Pumped
Crypto markets remain buoyant; Bitcoin Cash and Litecoin ripping it at the moment, Dogecoin gets a new listing.
The major pullback that was expected after such a huge rally has not materialized just yet. Crypto markets are still holding gains made this week and a couple of higher cap altcoins are pushing even further. Total market capitalization has remained above $170 billion and momentum continues to build slowly this Thursday.
Bitcoin is holding steady but has corrected a little after reaching an intraday high of $5,300 a few hours ago. Volume remains high at $22 billion and BTC has traded above $5k for the best part of the last 24 hours. It is currently up 2% on the same time yesterday, trading at $5,030 according to CMC.
Ethereum has pulled back a little dropping under $165 again as buying pressure cools for the world’s second largest crypto asset. Ethereum has pretty much missed out during this entire market rally as it has only made 15% whereas many of the others have made double that. XRP is also dropping back marginally and has also been comparatively weak this week with a gain of just 10%.
There are two altcoins dominating the top ten at the moment with double digit gains for the third day in a row. Bitcoin Cash is crushing it with a double flippening over EOS and LTC to take fourth spot in terms of market cap. BCH has added a further 21% on the day to reach $310 – its total gain this week has been an epic 82%. Litecoin is the other big mover today, and all week, with a 24 hour gain of 10% as LTC closes in on $90. The combined volume for these two alone is over $10 billion.
None of the others have moved much today aside from EOS and Cardano adding a couple of percent. The top twenty sees Bitcoin SV, NEO and Ontology leading the pack with gains of 5 to 6 percent on the day. Tron, Tezos and NEM have pulled back 3 to 4 percent.
FOMO: Dogecoin Driven by Huobi
Today’s top one hundred top performer is Dogecoin with a jump of 25%. The crypto clown started to climb a few days ago following a manipulated April Fools pump. DOGE is now up to 77 satoshis, a jump of 54% this week against Bitcoin. A listing on Huobi has initiated today’s fomo pump;
Bitcoin Forms Bullish Weekly Candle but One Factor Could Spoil Its Uptrend
Friday April 03, 2020
Bitcoin has once again found itself caught within a bout of sideways trading within the upper-$6,000 region following yesterday’s firm rejection at $7,300. Although the technical damage done by this movement appeared to be...
The post Bitcoin Forms Bullish Weekly Candle but One Factor Could Spoil Its Uptrend appeared first on 12bitplay - Bitcoin Play.
It's official: Huobi Global lets the #dogecoin out!Deposit your Dogecoin ( $DOGE) now!Details here: https://t.co/[email protected] @ummjackson @elonmusk #HAPPENINGNOW #cryptocurrency #HuobiGlobal pic.twitter.com/lwtPNQYuYN
— HuobiGlobal (@HuobiGlobal) April 4, 2019
Reddcoin and IOST are both doing well today with 20% pumps and REPO is close behind. A massive dump is going on at Maximine Coin as it sheds over 65% following a botched up fork and failure of exchanges to carry out wallet upgrades. KuCoin Shares are also in pain losing 18% today.
Total market capitalization 24 hours. Coinmarketcap.com
Total market capitalization hit another 2019 high a few hours ago of $185 billion. It has since corrected to $175 billion but is still up on yesterday’s levels by 2.3%. Volume remains at record levels over $80 billion and the momentum is largely being driven by Bitcoin Cash and Litecoin at the moment. Despite Bitcoin’s big pump its market dominance remains at 50.7%.
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 Cash and Litecoin Keeping Markets Pumped appeared first on NewsBTC.
Bitcoin on the Cusp of Going “Full Bull Mode” as This Technical Pattern Emerges
Thursday April 02, 2020
Bitcoin’s recent selloff proved to be highly fleeting, as the cryptocurrency has now rallied up towards the upper-$7,000 region, leading it to once again confront the resistance around this price level that previously proved...
The post Bitcoin on the Cusp of Going “Full Bull Mode” as This Technical Pattern Emerges appeared first on 12bitplay - Bitcoin Play.