Crypto markets have jumped $ 6 billion; Bitcoin Cash surging, Crypto.com up 500% this week, Ethereum and Litecoin do well.
Progress has continued in crypto markets as we start this weekend. The bulls have awakened and driven total market value over $ 140 billion, as altcoins run the recovery and Bitcoin reaches critical resistance levels.
Bitcoin has slowly edged up to $ 3,960 over the last 24 hours before switching equipment a few hours ago to break $ 4,000 and hit an intraday high of $ 4,070 where it is trading today. The 3.5% gain for BTC has pulled the rest of the market higher as altcoins make bigger moves. Bitcoin dominance is still falling and has now fallen to a new 2019 low of 50.7%.
Ethereum has made a solid 7% on the day as it moves up to $ 1
Top ten are all solid green in today's Asian trading session. Bitcoin Cash has made an epic wave of 17.5% on the day when it jumps to $ 160 for the first time since early January. The relatively obscure Korean exchange Lbank currently takes over a quarter of the BCH volume. Litecoin also works well as it breaks $ 60 with a 9% surge in the day. EOS, Stellar and Tron have done 4-5 percent and Binance Coin has not moved during this race.
– TheCryptoGuy (@KAnorthwest) March 16, 2019
More green has spread over the top twenty, but gains are not as great. Top players at the time of writing include Bitcoin SV and Maker who add 7% each, closely followed by Cardano, NEO and Ontology, all of whom get over 5% currently.
FOMO: Crypto.com Chain Holder Killing It
For the third day started Crypto.com's CRO token is the top center in the top hundred. It has increased another 40% since this time yesterday to remain above $ 0.10. Daily volume has pumped ten times from $ 5 to over $ 55 million, with the majority trading on the Korean Upbit exchange. The company's PAY platform was launched yesterday, and Blockfolio has just added the CRO to its signal service. Yesterday, CRO hit an all-time high of $ 0.122, up an amazing 500% in less than a week.
Apart from BCH, other exchanges are being pumped at the moment, Holo up 17% and Kucoin shares jump 13% on the day. The only unit with a double-digit dump in the top hundred at the moment is Wanchain which pushes over 10%, Project PAI is second worst with a loss of over 6% at the time of writing.
Total crypto terminal capitalization has increased 4.5% by day to reach $ 141 billion. The $ 6 billion cash injection has lifted the markets to a three-week high and the altcoins driver at the moment as Bitcoin is struggling to break the resistance of $ 4,000.
Market Wrap is a section that takes a daily look at the best crypto baskets below current trading session and analyzing the most effective, looking for trends and possible basics.