Crypto markets moving on Monday; Ethereum is surging, BCH and Maker going strong, Tron and NEO are weak.
Crypto markets are rallying this Monday morning as $5 billion gets pumped back in over the past 24 hours. The upward momentum began around nine hours ago and market capitalization has now surpassed $125 billion for the first time in a month.
climbed to an intraday high of $3,740 a few hours ago before pulling back a little. It has broken through previous resistance levels at $3,650 to hit a new monthly high. At the moment is showing a daily gain of 2.2% as it trades at $3,720.
is the clear winner in crypto land at the moment as it pumps 11% on the day to a high of $138. Hard fork fervor seems to be driving ETH prices as there is only ten days to go for the second attempt at Constantinople. XRP conversely is still weak, adding only 2% and falling back to widen the gap to $1.6 billion behind ETH.
The top ten is all green during Asian today with making the most after Ether at 6%. gaining 3% has not been enough to retake fourth from which hasn’t done much. Coin continues to climb with another 3% on the day, while TRX is weak with no gains.
Looking at the top twenty Maker continues its march with another 8% on the day taking MKR to $555. has made a rare pump of almost 4% and the rest are 2-3 percent higher on the day aside from NEO which has not moved.
The big fomo in the top one hundred is going to WAX at the moment which has surged 40%. Close behind it is Ark pumping 30% as it gets integrated into Exodus wallets. There are no big dumps going on right now but Aurora is at the bottom of the list dropping 3%. All are generally performing well today.
Total crypto market capitalization has expanded by $5 billion over the past few hours reaching a monthly high of $125 billion. Daily volume is also strong at $26 billion, its highest level in 2019. is leading the rally right now as dominance drops to 52%.
Market Wrap is a section that takes a daily look at the top 20 during the current session and analyses the best-performing ones, looking for trends and possible fundamentals
Published at Mon, 18 Feb 2019 07:49:58 +0000
