Crypto markets holding onto gains; bitcoin back at $8,000 prior to anticipated bitcoin ETF ruling, BCH and XRP gaining slowly, Dash pumping.
Crypto markets have held on to their weekend gains as remains buoyant. The that never was ended in early Sunday when surged back towards $8,000. Today market capitalization remains close to $250 billion but a big regulatory decision due tomorrow could create some big moves soon.
revisited its 2019 high of $8,250 a few hours ago. sharply pulled back to just above $7,900 after hitting resistance but has since regained composure and climbed back up to $8k, marginally higher than the same time yesterday.
is flat and remains just above $250 where it was this time yesterday. ETH has also held on to recent gains but has not seen the doubling in price that its big brother managed since early April.
There is very little movement in the top ten at the time of writing. Only and Cash have added a couple of percent to trade at $0.40 and $408 respectively. The rest are unchanged aside from which has pulled back marginally.
The top twenty has more red than green during Asian this morning. Only Dash is pumping as 10 percent takes it to $165. South Korean markets are getting the majority of Dash trade at the moment as Bithumb is top exchange. has made 3 percent but the rest are in decline.
FOMO: NEXT Spikes into Top 100
Today’s fomo is going to NEXT which has entered the top one hundred with a 45 percent pump. The South Korean exchange Coinbit exchange is creating the fomo for NET. Content is also getting a 40 percent spike as it too enters the big 100. These two relatively obscure are the only ones pumping at the moment.
At the messy end of the table is Decred dumping ten percent today. Digibyte and Crypto.com’s MCO are also sliding with a loss of over 7 percent each.
Total market capitalization 24 hours. Coinmarketcap.com
Total market capitalization is currently at $248 billion which is marginally higher than the same time yesterday. It did reach a high of $257 billion when hit resistance but has since pulled back slightly. There is growing concern that the imminent decision for the VanEck could cause prices to plummet. The regulator is due to decide on approval of the long awaited fund tomorrow but the most likely outcome is another delay.
Market Wrap is a section that takes a daily look at the top during the current session and analyses the best-performing ones, looking for trends and possible fundamentals.
Published at Mon, 20 May 2019 07:58:36 +0000
