Crypto Market Watch April.8: Market Cap Records 5-Month High At $185 Billion

The cryptocurrency market has seen yet another weekend trading in the green, as its total market capitalization reached $185 billion for the first time since November 2018. Bitcoin manages to hold strong above $5,000, testing the significant resistance at $5,300. Meanwhile, Bitcoin Cash (BCH) has managed to unseat Litecoin (LTC) as the fourth largest cryptocurrency in terms of market capitalization.

The total market cap is currently $183 billion | Bitcoin’s market cap is $92 billion | BTC Dominance stands at 50.7%.

Major Crypto Headlines

CME Bitcoin Futures Surge Following Bitcoin’s Price Increase in April

Bitcoin future contracts of CME Group saw a record trading day on April 4th. With a total of more than 22,500 contracts, this is the firm’s all-time high volume as of yet. This marked a 950% increase since April 1st. The surge followed Bitcoin’s recent rally.

G20 Looking to Establish Cryptocurrency AML Regulations in June

According to the report, G20 member countries will be meeting in Japan in order to discuss international cryptocurrency Anti-Money Laundering (AML), as well as Counter-Terrorism Financing Regulations in June in Fukuoka, Japan.

Russia’s Gas Giant Gazprom to Start Executing Business Contracts on a Blockchain

The world’s largest publicly listed natural gas company – Russia’s state-owned Gazprom could soon start using blockchain technology in order to execute and monitor business contracts. The news was announced by the company’s CEO Alexey Miller at a meeting with Dmitry Medvedev – Russia’s prime minister.

Market Most Significant Gainers and Losers

VestChain (+66.38%)

VestChain (VEST) is the biggest gainer throughout the last 24 hours, marking an increase of around 66.38% at the time of this writing. The coin is sitting on a market cap of about $79 million. The cost of 1 VEST token is currently around $0.011. The VestChain is touted as a next-generation blockchain platform aimed at supporting smart contracts, as well as machine learning services.

Verge (+17.10%)

Verge (XVG) is currently the 48th largest cryptocurrency, sitting on a market cap of about $171 million. At the time of this writing, verge is trading at $0.010, which marks an increase of about 17 percent throughout the past 24 hours. In the past few days, Verge announced the addition of a few sponsors, which might be among the reasons fueling the recent spike.

Bytom (-8.57%)

Bytom (BTM) wasn’t fortunate enough to record gains in the last 24 hours. The cryptocurrency is down about 8 percent, currently trading at around $0.13. Its total market capitalization is around $139 million. Bytom provides an infrastructural digital asset layer protocol for peer-to-peer financial and asset applications.

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