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 was trading at $9,700, but at the time of writing, the coin boasted a price of $10,910, good for an 11.5% gain on the day.
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. This time, however, Bitcoin had struggled with the $8k resistance level for about a month, and has been on fire since it broke through.
Although there are a few losses in the market today, all major cryptocurrencies are recording significant gains. Against Bitcoin, however, most altcoins are in the red.
A happy moment for Ethereum fans, as the coin finally surged above $300, with its charts showing a 7.29% gain on the day. XRP is also enjoying bullish sentiment, with its value growing by 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 was reportedly acknowledged as the famous anonymous creator of Bitcoin by Columbia’s Council of Bogota during the local Expo-Bitcoin International conference, which he sponsored.
Bitmain IPO’s Comeback: Following Bitcoin’s Price Surge, Bitmain Revives IPO Plans. The mining giant’s plans to launch an IPO in the US come at a time when the Bitcoin market is heading back to its glorious days. It might well have 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. The Governor of the Reserve Bank of Australia has warned that Libra may not attain mainstream adoption because of the many regulatory hurdles which Facebook will need 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 more than a 124% increase in value against the dollar. The altcoin’s price now stands at $0.00147 and it boasts a market cap of $22,004,539.
AIDUS Token (+83.52%)
Despite having been down by 64% yesterday, AIDUS Token is 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 was trading at $0.013 with a market cap of $2,134,474.
Jewel (-74.45%)
It’s not a happy day for Jewel (JWL) investors, as the altcoin declined by over 70% against the dollar in the last 24 hours. At the time of writing, JWL was changing hands at $0.225.
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