Weekends are usually pretty inactive for crypto markets and
this one has been no different. Total capitalization has hovered just above
$170 billion for the past three days as has failed to register any
momentum following .
Monday morning has brought some movement to markets however as
Asian traders get down to business but it is not leading things this
time. The $5 billion influx to over the past 12 hours or so
has been largely down to big moves being made by Cash and , the
fourth and fifth largest crypto assets by market cap.
bitcoin Cash Spikes 11%
A surge from $275 to just over $305 for BCH has pushed its market cap back up over $5 billion again. Daily volume jumped from $900 million to $1.2 billion a few hours ago as Cash started pumping again, registering an 11% gain on the day.
The top exchange for BCH at the moment is Chinese OEX which
has taken over 16% of the total. Hong Kong based OKEx is second as Asian
traders load up on Cash today. There have been a number of developments
for Cash over the past week including Huobi BCH contracts going live, Liberland’s
BCH based merit reaching $1 million market cap, and several technical
upgrades;
Cash is currently just over $300 which is
double what it was priced at on January first this year. It is not far off the
2019 high of $335 and has again kicked and out of fourth place by
market cap.
Litecoin Launches by 9%
A pump from $77 to $84 has given a 9% boost on the day as volume hits $2.5 billion. has now flipped again and retaken fifth spot with a market cap of $5.1 billion. Since the beginning of the year LTC has surged an epic 180% from $30 to its current price level. The network’s hashrate has also recently as it peaked at 359.43 TH/s on April 4. It is rapidly approaching that level again with a hashrate of 347.54TH/s according to bitinfocharts.com. According to .com;
It’s reasonable to assume that there is still greater potential for room to the upside as hashrate has only roughly doubled whilst the price has more than quadrupled.
The moves by LTC and BCH have revived crypto markets
following a weekend lull in activity. It is not the first time these two
led markets as a similar pattern when both digital assets surged together.
The other getting a big pump at the moment is Tezos
which has jumped 16% to $1.14.
Published at Mon, 15 Apr 2019 05:06:58 +0000
