Bears banned as crypto markets reach their highest level in five months

Crypto markets reach new heights; Bitcoin at the top, Bitcoin Cash and Litecoin lifted, Cosmos continues to boot.

The encryption of encrypted currencies was a good start to the weekend, as markets reached new heights in 2019. Bitcoin is once again the dominant factor as it grows more and more in a push towards $ 6,000 . More than $ 8 billion has been added to encryption badets in the last 24 hours, pushing market capitalization to a new five-month high.

Bitcoin recorded a new annual record of $ 5,884 a few hours ago before returning to the $ 5,800 area. This surge resulted in a daily gain of 4% for BTC with a volume approaching $ 20 billion. The resistance at $ 5,600 was easily overcome and the next goal is $ 6,000. Bitcoin has now risen above the 50-week moving average, at least in Tradingview tables.

Ethereum is still weak and has managed only a marginal gain to exceed $ 165. There is still no solid movement within the ETH that has crawled on the tail of its big brother.

The top ten is green during the Asian trade this morning. Bitcoin Cash is climbing with 8% added that day, bringing BCH to $ 295. Litecoin is also on track for the moment, as it is again approaching $ 80 with a gain of nearly 5%. The others won an extra two percent, but Binance Coin and Cardano are flat.

The top 20 is also mostly green and Cosmos continues to grow with an additional 9% today, bringing it up to $ 5.24. Monero and Dash each have 4% and the rest a little less. The Tezos are a little down and Tron and NEO are flat.

FOMO: The ABBC piece at the top

Today's recipient of the 100 best fomo is ABBC Coin with a 14% pump. It does not seem that new developments are leading to momentum that may turn in the opposite direction tomorrow. Aion also has a 12% increase for the moment and DigixDAO has returned to $ 32, with 11% added that day.

Zilliqa, Maximine Coin and Ravencoin are the three worst altcoins having lost more than 4%.

Total market capitalization over 24 hours. Coinmarketcap.com

Total market capitalization reached US $ 1881 billion a few hours ago to reach a new high in 2019. Yesterday's $ 8 billion pump pushed the markets to a record high in the past five months, with daily volume reaching 60 billions of dollars. The cryptography markets have not been at this level since November 2018, when things were going in the opposite direction. A third of this volume comes solely from Bitcoin, which also reached a peak of market dominance of 2019 by 55.5%.

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.