Market Watch: Cryptocurrencies In Green Following Bitcoin’s Price Surge Above $10K
Just within the last 24 hours, the world’s most popular cryptocurrency, Bitcoin has added about $1,200 to its price.
Around this time yesterday, BTC traded $9,700, but at the time of writing, the coin boasts of a price of $10,910, indicating an 11.5% gain on the daily chart.
The current market situation is similar to that of 2017 when bitcoin hit $8,000 and surged to $10,000 within two weeks before finally taking off to $20k. Although this time, Bitcoin struggled with the $8k resistance level for about a month, it has been on bullish momentum since it broke through.
Although there are a few losses in the market today, all major cryptocurrencies are also recording significant gains; however, against Bitcoin most altcoins suffer in red.
A happy moment for Ethereum fans as the coin finally surged above $300, with its charts showing a 7.29% gain daily. RIipple is also on a bullish sentiment, with its value growing at 3.58% pushing its price to $0.457.
The total market cap is ~$326 billion | Bitcoin’s market cap is ~$194 billion | BTC dominance at 59.5%
Major Crypto Headlines
Craig Wright Is Satoshi Nakamoto (At Least Among the Council of Bogota). Bitcoin SV founder, Craig Wright, has reportedly been acknowledged as the famous anonymous creator of Bitcoin by the council of Bogota (Columbia), during the local Expo-Bitcoin International conference, which was sponsored by him.
Bitmain IPO’s Comeback: Following Bitcoin’s Price Surge, Bitmain Revives IPO Plans. The mining giant plans to launch an IPO in the US has coincidentally come at a time when Bitcoin is heading back to its glorious days. This might have well been that Bitmain saw the bulls coming.
Australian Reserve Bank Official Advises Caution in Anticipation of Libra. The upcoming Facebook cryptocurrency has been quite a controversial topic. This time, the Governor of the Reserve bank of Australia has warned that Libra may not attain mainstream adoption because of many regulatory hurdles which Facebook needs to address.
Most Significant Winners and Losers
XMax (124.28%)
XMax (XMX) is holding strong onto its position as the biggest gainer in the market today, with over 124% increase in its value against the USD. The altcoin now stands with a price of $0.00147 and a market cap of $22,004,539.
AIDUS TOKEN (83.52%)
Despite being down by 64% yesterday, AIDUS token has a placed itself as the second most significant winner in the market today. Although the token is currently holding 83% gains on the daily chart, it is down by 52% on the weekly chart. At the time of writing, AID trades at $0.013 with its market cap standing at $2,134,474.
Jewel (-74.45%)
Not a happy day for Jewel (JWL) investors as the altcoin is currently trading at a loss of over 70% against the USD in the last 24 hours. At the time of writing, JWL was changing hands at $0.225.
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