The crypto markets are on a strong upswing today, July 8, as data from shows, with with (BTC) pushing the $7,000 price point. Virtually all of the top 100 coins by market cap are green on the day to press time.
The markets have seen just over a week of solid of gains first claimed in their late June , and today appear to be pushing even higher resistance levels.
Market visualization from
bitcoin is trading around to press time, up 3 percent over the 24-hour period, bringing its weekly gains to a solid 6-7 percent. The top cryptocurrency gained over $230 in value in the space of a little over one hour this afternoon, seeing a sharp 3.5 percent gain, before trading sideways for the rest of the day.
bitcoin price chart. Source: Cointelegraph
Top altcoin (ETH) is trading around to press time, up almost 5 percent over the past 24 hours, and almost 9 percent on the week. The coin’s intraday high peaked at $492.56, bringing it tantalizingly close to reclaiming the round $500 price point.
Ethereum price chart. Source: Cointelegraph
On ’s listings, the top ten coins by market cap are all solidly in the green, with gains of within a 2 to 7 percent range.
Among the top ten cryptocurrencies, (MIOTA) is currently seeing the most growth over the past 24 hours, up almost 7 percent and trading around to press time.
bitcoin Cash (BCH) is up a solid 5 percent over the 24-hour period, trading around to press time.
Total market capitalization of all cryptocurrencies is now at around billion at press time, having gained a vertiginous $13 billion in the space of about two hours earlier today to reach $279.5 billion.
Total market capitalization of all cryptocurrencies from
There has been a recent steady stream of high-profile positive news in the crypto and blockchain space that could account for today’s wave of confidence.
Two key appointments have been announced, with Director of Engineering of three years to the same position at the company’s blockchain team.
Meanwhile, the Winklevoss twins’ Gemini crypto exchange former New York Stock Exchange (NYSE) Chief Information Officer Robert Cornis as its first-ever Chief Technology Officer.
Bullish news for the global crypto landscape include yet further signs that the government of South Korea –– a major crypto market –– is considering its hardline stance on cryptocurrencies to establish unified rules with other governments, as well as the wider space.
Positive news has also been forthcoming from some of the world’s leading crypto exchanges, with new overseas ventures and expectations of skyrocketing revenue.
Huobi, currently ranked crypto exchange by daily trade volumes, registration on its newly created U.S.-based “strategic partner” trading platform this Friday, July 6.
On July 5, the exchange trading had opened on its new Australia-based platform, just a week after a London-based office targeting the European market.
Also this week, , the CEO of the world’s crypto exchange he “expects” the company’s 2018 net profits to reach up to $1 billion.
Published at Sun, 08 Jul 2018 18:48:00 +0000
