Crypto markets have jumped $6 billion; Bitcoin Cash surging, Crypto.com up 500% this week, Ethereum and Litecoin doing well.
The momentum has continued on crypto markets as we begin the weekend. The bulls have awoken and driven total market capitalization over $140 billion as altcoins drive the recovery and Bitcoin reaches critical resistance levels.
Bitcoin has slowly edged up to $3,960 over the past 24 hours before shifting gear a few hours ago to break $4,000 and hit an intraday high of $4,070 where it currently trades. The 3.5% gain for BTC has pulled the rest of the market higher as altcoins make bigger moves. Bitcoin dominance is still dropping and has now fallen to a new 2019 low of 50.7%.
Ethereum has made a solid 7% on the day as it moves up towards $145. The three week high for ETH has increase its market cap over $15 billion again and widened the gap to XRP in third to almost $2 billion. The Ripple token has been weak again during this rally as it has only managed just below 3% to reach $0.320.
The top ten is all solid green during today’s Asian trading session. Bitcoin Cash has made an epic surge of 17.5% on the day as it jumps to $160 for the first time since early January. The relatively obscure Korean exchange Lbank is taking over a quarter of the BCH volume at the moment. Litecoin is also performing well as it breaks $60 with an 9% surge on the day. EOS, Stellar and Tron have made 4-5 percent and Binance Coin has not moved during this run.
#BCH Hell of a day for Bitcoin Cash. <img src="https://s.w.org/images/core/emoji/11.2.0/72×72/1f680.png" alt="