Tuesday, April 9 — As major are sideways, () is holding above the $5,200 mark despite a minor decline in price. Meanwhile, traditional are down as president Donald to impose $11 billion in duties on goods.
Market visualization from
is sideways over $5,200 after the $5,300 mark yesterday. Mati Greenspan, senior market analyst at eToro, told Cointelegraph that the world’s top coin is now testing a new resistance line:
“We’re now testing a new resistance line exactly at $5,350 […] And notice we are well above the 200-day moving average. This was an indicator we were watching very closely as a kind of sign whether we are in a bull or a bear market.”
According to the stats provided by CoinMarketCap, has been steadily growing since April 2 — the day when the crypto markets the first significant signs of recovery in 2019. As of press time, the market capitalization of is over $91 billion, which is almost $20 billion more than it was before the surge.
7-day price chart. Source:
(), currently the world’s second-largest , has been up 1% at the press time, around $177 — a slight decline in comparison to yesterday, when it the biggest gains among .
24-hour price chart. Source:
Meanwhile, third-top () is sideways around $0.35, in the green at the press time. Its gap with the ETH market cap has increased, as XRP now has $14.7 billion in market cap in comparison to its competitor’s $18.8 billion.
24-hour price chart. Source:
The total of all is hovering around $180 billion, while daily volume is at $55.2 billion.
24-hour total market capitalization chart. Source:
As for other , the top 20 are also seeing mixed signals. However, and () prices have increased over 4 and 8%, respectively.
As Cointelegraph earlier , the company’s CEO, Justin Sun, first about a possible partnership with this weekend; later, the key phases for its DApp chain Sun Network’s deployment.
As for the industry , a recent report from weekly crypto outlet Diar that the of institutional investment products have seen growth for the fourth month running. Many crypto insiders that institutional interest is key for the industry to evolve.
In the meantime, Canada’s major exchange, , has been officially declared bankrupt. The decision, by the Nova Scotia Supreme Court, marks a new chapter in the legal process of restoring funds that were lost following the unexpected death of the co-founder.
Meanwhile, in Chinese today, the country’s National Development and Reform Commission is considering completely eliminating crypto in the country.
The United States market is seeing at the press time, with the Dow Jones Industrial Average () down 0.32%. At the same time, the S&P 500 () and () Composite are up 0.1 and 0.19%, respectively.
According to , European shares gained and U.S. equity futures pared losses amid ’s threat to impose new tariffs on EU goods, ranging from aircraft parts to wine. The move comes as part of the U.S. administration’s response to the WTO’s on supporting Airbus in dispute with Boeing.
prices are still holding at a five-month high. According to , the prices are supported by a concern that violence in Libya could further tighten the supply. As per data provided by , Brent crude is over $71 a barrel, which is the highest price since November 2018. Meanwhile, West Texas Intermediate (WTI) crude oil is at $64.4 as of press time.
prices are slightly up after hitting a yesterday. is up 0.8%, while gained 0.3% reaching $1,305 mark.
Published at Tue, 09 Apr 2019 13:02:08 +0000
