Cryptocurrency market update: bulls are back into play
- The market is gowing strongly after a beriod of consolidaton.
- ETC is the best-performer of the day.
Cryptocurrency market resumed growing as Bitcoin and all major altcoins demonstrate significant gains on a day0on-day basis. The total capitalization of all digital assets in circulation surged to $185 billion from $174 on April 5, while an average daily trading volume settled to $61B, off the recent peak $89 billion hit on April 3.
Top-3 coins price overview:
- Bitcoin (BTC) broke above $5,300 handle and hit a new high of $5,348 during early Asian hours. At the time of writing, the coin is changing hands at $5,318 with 5.5% gains on a day-on-day basis. The upside momentum is gaining traction away amid growing volatility.
- Ethereum (ETH) catapulted above $185.00 to change hands at $185.28 at the time of writing. The coin has gained over 10% since this time on Sunday and became the best-performing digital asset out of top-10.
- Ripple’s XRP touched an area above $0.3800 on Sunday and settled below $0.3700 by the time of writing. The third largest digital asset grew by 3% on a daily basis.
The biggest market-movers:
- Ethereum Classic (ETC) lis the growth leader of the day out of top-20. The coin has gained over 16% to trade at $7.67. The coin is vulnerable to the downside correction as the further bullish run is limited by $8.00.
- TRON (TRX) settled at $0.0289. The coin is up nearly 8% on a daily basis after a strong upside move during the previous week.
- Stellar (XLM) is also doing well with 7.5% gains on a daily basis. It is changing hands at $0.1346.
BTC/USD, 4-hour chart
Author
Tanya Abrosimova
Independent Analyst
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