Monday, Feb. 18: Crypto markets are seeing a bullish surge of green, with all of the top twenty cryptocurrencies seeing growth of between 2 and 12 percent, as data from shows.
Market visualization by
Top cryptocurrency ₿itcoin () has seen a solid 2.9 percent in growth on the day and is trading around $3,742 to press time, according to data, bringing ₿itcoin to a 2.38 percent gain on the week.
bitcoin 7-day price chart. Source:
Ethereum () has seen the strongest 24-hour growth among the top 50 coins by market cap, rising close to 11 percent on the day to trade at roughly $137.65 to press time. The leading altcoin has seen consistent growth over its 7-day chart, which markedly accelerated this weekend, bringing its weekly gains to just over 13 percent.
As of Feb. 17, the asset’s strong performance in recent days has brought its price point to above that of ₿itcoin Cash ().
Ethereum 1-month price chart. Source:
Ripple () is seeing milder growth on the day and is trading around $0.309 at press time. Up around 2.6 percent over the past 24 hours, the asset is up a mild 1.7 percent on the week. On the month, the asset has reported a loss of around 5.5 percent.
Ripple 7-day price chart. Source:
Despite trading at a lower price point to Ethereum, ₿itcoin Cash () — currently the sixth-largest crypto by market cap — has seen bullish growth on the day, and is trading at $130.22. Up 6.5 percent on the day, the altcoin is also 4.5 percent on the week.
Strong 24-hour performances have also been seen by fifth-largest coin (up over 3 percent), 10th ranked Binance Coin () (up 4.7 percent) and 9th largest crypto Stellar () (up 2.9 percent).
Among the top twenty coins, Maker (), ranked 16th, is up the most, gaining close to 9 percent to trade at $555.85. Cardano (), privacy-focused coin Monero (), and ₿itcoin SV (), have all seen solid gains of 4.6, 3 and 3.8 percent respectively.
The total of all cryptocurrencies is around $125.9 billion as of press time, up a strong 3.7 percent on the week.
7-day chart of the total market capitalization of all cryptocurrencies from
In an with Cointelegraph this week, prominent CNBC commentator Brian Kelly argued that ₿itcoin is currently around 50 percent undervalued, and that the asset is likely near a bottom. While holding back on optimism in regard to the approval of a ₿itcoin exchange-traded fund, Kelly predicted that 2019 would be better for the crypto markets overall, conceding however that 2018 had set “a pretty low bar.”
In adoption news, it appears that the forthcoming update of the Pay mobile app from major Japanese e-commerce firm Rakuten will cryptocurrency payments in addition to fiat.
Major Asian stock markets are meanwhile seeing a strong performance in the context of ongoing , which are set to continue in Washington this week. For mainland China, the is up 2.68 percent, with the is up 3.7 percent. Hong Kong’s is meanwhile up 1.54 percent, with Japan’s up 1.8 percent.
Published at Mon, 18 Feb 2019 08:29:00 +0000
