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Crypto markets jumped $ 6 billion; Bitcoin Cash up sharply, Crypto.com up 500% this week, Ethereum and Litecoin are doing well.
Momentum continued in the crypto markets early in the weekend. The bulls woke up and drove the total market capitalization to more than $ 140 billion, while altcoins spur recovery and Bitcoin reaches critical resistance levels.
Bitcoin has slowly risen to $ 3,960 in the last 24 hours, before going into high gear a few hours ago to break $ 4,000 and reach an intraday peak of $ 4,070 in the current market. The 3.5% gain for BTC pulled the rest of the market up, with altcoins making bigger moves. The domination of bitcoins is still down and has now fallen to a new minimum of 2019 of 50.7% in 2019.
Ethereum achieved a solid 7% on the day as it climbs towards $ 145. The last three weeks' summit for ETH further increased its market capitalization by more than $ 15 billion and widened the gap with the XRP in third place at nearly $ 2 billion. The Ripple token was again weak during this rally because it managed only a little less than 3% to reach $ 0.320.
The top ten are fully green during today's Asian trading session. Bitcoin Cash made an epic rise of 17.5% that day, rising to $ 160 for the first time since early January. The relatively obscure Korean stock exchange, Lbank, currently absorbs a quarter of BCH's volume. The litecoin also behaves well since it exceeds $ 60 with a 9% increase over the day. EOS, Stellar and Tron made 4-5% and Binance Coin did not move during this round.
#BCH Hell of a day for Bitcoin Cash. ? pic.twitter.com/OshvOiqiM2
– TheCryptoGuy (@KAnorthwest) March 16, 2019
More green has spread among the top twenty but the gains are less important. Bitcoin SV and Maker added 7% each, followed closely by Cardano, NEO and Ontology, all of which have gained more than 5% by now.
FOMO: The Crypto.com chain continues to kill him
For the third day, the Crypto.com CRO token is the most successful altcoin among the top one hundred. It has increased another 40% since yesterday at this time to stay above $ 0.10. The daily volume has increased tenfold, from five to more than $ 55 million, the majority being traded on the Korean Upbit Exchange. The company's PAY platform was launched yesterday and Blockfolio has just added CRO to its signaling service. Yesterday, CRO reached a record of $ 0.122, a staggering 500% increase in less than a week.
Aside from BCH, the other pumped altcoins are Holo up 17% and Kucoin shares up 13% that day. Wanchain slipped by more than 10%, with the PAI project ranked second with a loss of more than 6% at the time of writing.
Total market capitalization over 24 hours. Coinmarketcap.com
The total capitalization of the cryptographic market grew by 4.5% over the day to reach $ 141 billion. The $ 6 billion injection of funds allowed markets to reach a higher level in three weeks and altcoins are gaining momentum as Bitcoin struggles to break the resistance at $ 4,000.
Market Wrap is a section that examines daily the main crypto-currencies during the current trading session and badyzes the best performing, looking for trends and possible fundamentals.
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