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Crypto markets reach a new 10-month high; Ethereum, XRP, Stellar, Tezos and NEO in the lead.
For the second consecutive day, the cryptography markets surged, reaching a new high in 2019 and a level unmatched for ten months. Bitcoin has remained dynamic and altcoins are now gearing up to increase total market capitalization by an additional $ 10 billion to $ 245 billion.
Bitcoin plunged to $ 7,700 a few hours ago, but Asian traders have once again recovered the king of crypto on $ 8,000. BTC is currently trading at $ 8,030 and is currently being held. Further gains are unlikely, but we said that when he was over $ 6,000!
Ethereum is heating up as Bitcoin begins to show signs of possible cooling. ETH, whose price is extremely low, jumped 11%, from an intraday low of just over $ 200 to just under $ 230 (currently). This is the record level reached by Ethereum for seven months while its market capitalization exceeds $ 24 billion.
$ ETH Daily chart.
Get closer to a major resistance. But it also forms an ascending triangle. We are expecting a return here soon, but then we will see it later.#ETH #ethereum pic.twitter.com/OCsugcazCZ
– CryptoFibonacci (@CryptoFib) May 15, 2019
The top ten is mostly in the green with several altcoins getting a double-digit FOMO for the first time in months. XRP extended its run with another 13% on the day to exceed $ 0.43 and Stellar reflected his performance as he did once with a 9% pump for XLM at $ 0.12. Cardano continues to make good progress, adding 8% while Bitcoin Cash starts to fall by 3%.
A solid wall of green enveloped the top twenty during Asian trade. Tezos has a moon stroke with 22%, bringing XTZ to $ 1.63. NEO finally gets a huge 14% pump to $ 12 and Ontology adds 12% to the day. Even Tron finally awoke with a 10% gain bringing TRX down to $ 0.029.
FOMO: Pai Pumps Project
There are a lot of FOMOs going around right now, but PAI is making the most of it with a 25% increase over the day. The AI-based encryption token has been beaten with the rest, but is experiencing a rare moment today. As mentioned, Tezos is doing well with 22% and Ravencoin is the third altcoin winning more than 20% today.
ABBC Coin loses 13% today, followed closely by Factom (8%). Yesterday's pump, Holo, is dumping today as planned.
Total market capitalization 24 hours. Coinmarketcap.com
The total capitalization of the cryptography market has increased by $ 15 billion over the last 10 hours or so. Daily volumes hit unprecedented highs, reaching $ 107 billion a few hours ago, bringing the market cap to $ 245 billion. A staggering 32% increase has been recorded for the cryptography markets since the same period last week, which equates to a $ 60 billion injection of funds.
Market Wrap is a section that examines daily the main crypto-currencies during the current trading session and analyzes the best performing, looking for trends and possible fundamentals.
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