Market Watch: Bitcoin Eyes $10,000 as Bulls Take Control of Market Momentum
The crypto market has been in a euphoric mood for ten heavenly days after Bitcoin surged past the $8k resistance levels, climbing to a new 2019 ATH of above $9,500. The world’s largest cryptocurrency by market cap is now targeting the $10,000 mark, with its prices at the time of writing hovering around $9,700 and $9,720.
Bitcoin’s rally is also pushing altcoins further as we can see lots of profits spreading across the market. The total market cap is currently $299 billion and on the verge of breaking $300 billion.
Leading altcoin, Ethereum has also hit its 2019 ATH of $284, with the $300 levels within eyesight. XRP, on the other hand, isn’t recording massive gains like most of the top ten coins, but the altcoin is charting a 1.60% profit on the day with its price currently floating around $0.437.
The total market cap is ~$299 billion | Bitcoin’s market cap is ~$172 billion | BTC dominance at 57.7%
Major Crypto Headlines
Bank of America CEO: With the Rise of Cryptocurrencies, We Want a Cashless Society. The CEO of the largest bank in the US has voted in favor of digital currencies, acknowledging that there is a need for a cashless society as the banking industry continues to adopt digital and tech-enabled models.
Using Ripple’s tech is five times more expensive than Western Union’s present system, says CEO Hikmet Ersek. While many believe that Ripple is one of the cheapest settlement and remittance systems, the CEO of Western Union claims that their tests on Ripple Labs show that sending money with the tech is more expensive than expected.
Riviera Beach City Council Agrees to Pay $600,000 in BTC to Ransomware Attackers. Hackers will be receiving more than half a million dollar in BTC as a ransom to release stolen data from the city council of Riviera Beach, Florida.
Most Significant Winners and Losers
MMOCoin (495.42%)
MMOCoin traders and investors will no doubt be feeling over the moon as MMO shot up by more than 490% within the last couple of hours. The coin which started today’s trading session with prices as low as $0.002 is now trading at $0.0125 with a market cap of $731,802. With no significant announcement causing the sudden and massive pump, a correction could be around the corner.
Qredit (403.70%)
The last few hours were also massive for Qredit (XQR). Over the previous 24 hours, the XQR price has seen a 403% growth against the USD. At the time of writing, the coin is trading at $0.00637 with its market cap hovering around $3,451,971.
AIDUS TOKEN (-64.89%) (AID)
Everyone cannot be happy at the same time, even in the crypto market. AIDUS token (AID) emerged as the most significant loser in the last 24 hours despite all the profits in the market today. AID is down by 64% against the USD and is currently trading at $0.0069 with a daily volume of $640,616
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