Crypto Markets See $11 Billion Influx as Bitcoin (BTC) Price Looks to Top $4,000 USD

A market rebound began a few hours ago today, after a week of drought in the cryptocurrency markets. This rebound brings in 2019’s highest trading volume of $26 billion.

Market observers noted a $11 billion crypto market pump in the last 24 hours rising from $121 Billion to $132 Billion market cap.

As compared to its value at this time yesterday, ETH has gained a whooping 16.5%, moving from $123 to $148. The resulting increase in Ethereum’s market cap to $2.2 billion moves it far ahead of the Ripple coin. Ethereum has recently been drawing in tech and network upgrades including the hard fork, which might be the reason why ETH is presently in the lead.

Today's Crypto Market Fluctuations are Biggest of 2019

Other altcoins experience positive market fluctuations are Maker, gaining 7.7%, as it gets to $550 ( its 2019 peak), Bitcoin cash gaining 7% – reaching $130, Litecoin gaining 11.8%, and Bitcoin gaining 8.25% this morning as it heads towards $3,930. This Bitcoin progression finally shows some bullish inclinations, as it is the highest price in the past month.

Other market movements involve MKR surpassing NEM, Neo and Ethereum Classic both take the 16th position.

The only coin to do better than Ethereum in the leading 50 coins during this rally, happens to be Bitcoin Gold, with a 13.5% growth. Bitcoin Gold’s growth outperformed Ethereum’s by 2%.

There is generally an upward movement for the top 10 coins as a result of this market rally.

In the top 100 coins, WAX and Ark have done considerably well, having growths of 40% and 30% respectively.

DOWNSIDES

On the downside, coins such as NEM, Tezos, NEO, Tron, IOTA and Dash, hardly budged during the recent market rally. Sadly, Aurora dropped by 3%.

The dominance of the massively adopted Bitcoin has reported a 51.8% drop.

Notwithstanding Ethereum’s loss of $16 billion off it market capital value on the 10th of January this year, It has peaked with a $26 billion volume traded today, and attained a $126 market capital total.

Ethereum is certainly leading the pack at the moment, with its recent gains stirring a bullish market. Regardless of this recent bullish trend, we are still in an overall bearish market for crypto.

Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 18th)

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Andrew Tuts
Andrew is a Canadian cryptocurrency analyst who has spent the last seven years writing about digital marketing, science, and technology for hundreds of online publications. Andrew breaks down the latest news from across the crypto and blockchain space in a way anyone – even his parents – can understand.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,471FansLike
2,795FollowersFollow
4,197FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Insufficient Clarity for Regulations And Taxes May Force US Investors Move On: Coinbase Tax VP

The Chief Tax Officer of Coinbase, Lawrence Zlatkin, believes that lack of clarity in the US' crypto taxes could alienate prospective investors. He shared...

Chinese Ride-Hailing Unicorn, Didi Chuxing, to Pilot Digital Yuan; First Mass Scale Use of DCEP

China's 'Uber,' Didi Chuxing, will test run the digital yuan according to an announcement on July 8. The Chinese ride-hailing unicorn has over 500...

Kyber Network Makes DeFi Debut Following a Protocol Upgrade and KyberDAO Mainnet Launch

Kyber Network has launched a protocol upgrade dubbed 'Katalyst' alongside Kyber DAO on the Ethereum mainnet as per a blog post yesterday by the...

Stablecoins Yet Again Under Regulatory Scrutiny In Revised FATF Report: They’re “Better Placed To Achieve Mass-Adoption”

In a Tuesday report, the Financial Action Task Force, with members from about 200 countries, said stablecoins need to comply with standards to guard...

Chinese Shipping Giant, COSCO, to Use Alibaba Subsidiary Ant Financial's Blockchain for Maritime Logistics

Following a successful partnership between the shipping giant, Maersk, and IBM to set up an enterprise blockchain. Ant Group and COSCO become the...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today