Bitcoin [BTC] Leading crypto markets as Altcoin traders wait for final move

The price of Bitcoin at 8 am on March 30, 2019 is trading at $ 4211. It is trading 4.07% higher on the daily scale. The total market capitalization of the cryptocurrency markets was $ 147.61 billion.

While the 30-day volatility of Bitcoin was less than 1.5%, a big risk now seems inevitable. $ 4000 has long been an important psychological level for Bitcoin. However, the daily BTC / USD trading volume chart for Bitcoin was comparable to other days. There is resistance along the $ 4,200 to $ 3,300 range, and high levels of price volatility can be expected in the coming days. The goal of $ 4,000 upward pbad is $ 4,450, while the stop loss for the same is $ 3,850.

Major Altcoins await the action of the BTC

The most traded BTC cryptocurrency pairs have shown a subsidized trading action. This was evident in Ethereum, Litecoin, XRP, ZEC, Dash, EOS and IOTA, as they traded in a 1.5% range with Bitcoin.

This can be attributed to the apprehensions of a mbadive erosion of Bitcoin prices. It is highly likely that if Bitcoin starts picking up the altcoins would win even more with the increase in trading volume on cryptocurrency exchanges. However, if the price drops, altcoins could start losing double-digit percentages.

Litecoin (LTC) was also expecting action from Bitcoin, which was gaining 3.8% on a daily basis. The price of the LTC at 8:00 UTC is $ 62.9. The cost of the Ether Token (ETH) is trading at 3.85% higher daily, at $ 143.85.

The total market capitalization of the cryptocurrency markets increased by 2.78% as the market added about $ 4 billion.

The top 50 crypto-currencies based on market capitalization with significant gains include NEO, Ontology (ONT), Tezos (XTZ), OmiseGo (OMG), Maximine Coin and Augur Token (REP). The Maximine coin jumped 21%, the Chinese market for crypto-extraction is trading at $ 0.139 around 8 am on March 30, 2019.

OmiseGo Development (OMG)

OmiseGo has released its Generalized plasma architecture this will improve extensibility and interoperability. OmiseGo gained 9.57% on the daily scale. The OMG price at 8 am on March 30 is $ 1.97.

The induced plasma architecture will allow decentralized applications to adapt. With 'predicates' and off-the-shelf implementation, OmiseGo (OMG) is expected to provide services to a wide variety of merchants worldwide.

Bitcoin's (BTC) dominance in the cryptocurrency market remained stable at 50.3%. Therefore, with more than 50% of the market capitalization and the apprehension of a break from the psychological levels of $ 4,000, they will act as a catalyst for upward or downward movement following the Bitcoin (BTC).

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Bitcoin [BTC] Leading crypto markets as Altcoin traders wait for final move

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The price of Bitcoin at 8 am on March 30, 2019 is trading at $ 4211. It is trading 4.07% higher on the daily scale. The total market capitalization of the cryptocurrency markets was $ 147.61 billion.

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Nivesh Rustgi

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CoinGape

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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrency. The author or publication badumes no responsibility for your personal financial loss.