Crypto markets rebound adding $6 billion; Bitcoin Cash surging, Cosmos enters the top twenty, Ravencoin flying again.
Contrary to all signals yesterday crypto markets have turned bullish again today as $6 billion gets injected back into digital assets. Bitcoins push back to resistance levels has heaved market capitalization back up to $175 billion.
Just when it looked like BTC would drop through support it bounced back at charged back to $5,400 today adding 2.5 percent. Volume remains above $14 billion and signals now have turned bullish indicating that there could be another push up to $5,600. Analysts are of mixed opinion as to where BTC will go next but more consolidation in this range is likely.
Ethereum has also gained a couple of percent on the day taking it up to $160 again. There are no real fundamentals driving ETH at the moment as it mirrors the movements of its big brother.
The top ten is all green today as Asian traders load up on altcoins. Bitcoin Cash has cranked out an 11 percent gain to reach $270 as daily volume jumps to almost $2 billion. Litecoin and Stellar have also made good gains today with 4 5 percent added, the rest are gaining a little less.
The top twenty is also all green and has a new entrant. Cosmos has arrived from nowhere to sixteenth as Coinmarketcap has just recorded ATOM market cap which is at $835 million. This has enabled it to instantly flip Tezos, ETC and NEO. XTZ has had a good day itself with 7 percent added while Tron and Monero made 4 percent on the day.
Cosmos market cap 24 hours. Coinmarketcap.com
After a dump comes a pump, or is it the other way round? RVN is back with the fomo again today as it tops the top one hundred with a 17 percent surge. There doesnt appear to be a great deal driving momentum fundamentally so watch out for the dump tomorrow. The aforementioned Cosmos has pumped 12 percent surging into the top twenty and Horizen has made it into the big one hundred with a 10 percent gain today.
For the last few days ODEM has been getting fomo and today it is predictably dumping with a loss of 13 percent. There are no other major declines going on in the world of altcoins at the time of writing.
Total crypto market capitalization has jumped $6 billion, or 3.5 percent on the day. This has taken it back to the middle of the range bound channel at $175 billion. Daily volume is still solid at $46 billion and consolidation is likely to continue within this channel.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
See the rest here:
Crypto Market Wrap: Bitcoin Cash (BCH) Leading $6 Billion Surge
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- Bitcoin Cash, Tron (TRX), BNB, LTC & EOS Could Continue To ... - April 9th, 2019 [April 9th, 2019]
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- Bitcoin Cash (BCH) Downside Thrust Underway Before Sharp ... - April 20th, 2019 [April 20th, 2019]
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- Bitcoin Cash: Where BCH Stands the Day after the Hard Fork - April 20th, 2019 [April 20th, 2019]
- Crypto Market Near Turning Point: BNB Up 10%, Bitcoin Cash ... - April 20th, 2019 [April 20th, 2019]
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- More than 87% of Global Virtual Asset Trading Now Traceable with CipherTrace - Business Wire - October 16th, 2019 [October 16th, 2019]
- More than 87 per cent of global virtual asset trading now traceable with CipherTrace - HedgeWeek - October 16th, 2019 [October 16th, 2019]
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- Ex-CEO of Google Africa: Bitcoin a Gift That Will Change Humanity - Cointelegraph - October 18th, 2019 [October 18th, 2019]
- 10 of the Best Telegram Crypto Channels - Bitcoin News - October 18th, 2019 [October 18th, 2019]
- Coinbase, Cash App, Remain Top Rated Places To Easily Buy Bitcoin - newsBTC - October 18th, 2019 [October 18th, 2019]
- Talking Money: The rise and fall and rise again of cryptocurrencies - The Scotsman - October 18th, 2019 [October 18th, 2019]
- The Crypto Daily Movers and Shakers -16/10/19 - Yahoo Finance - October 18th, 2019 [October 18th, 2019]
- CipherTrace adds support for over 700 crypto assets, including bitcoin cash, ether and tether - Yahoo Finance - October 18th, 2019 [October 18th, 2019]
- Binance.US Allowed USA Users To Buy Bitcoin with Debit Cards - Bitcoinik - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin and Altcoins Sighting Next Significant Break - Cryptonews - November 2nd, 2019 [November 2nd, 2019]
- Anonymous Bitcoin Price Prediction Finally Poised to Fail - BeInCrypto - November 2nd, 2019 [November 2nd, 2019]
- Bitwage Allows Companies in the EU, UK and US to Pay Wages in Bitcoin Cash - Inside Bitcoins - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash Price Changed by -2.38 percent - ICO Brothers - November 2nd, 2019 [November 2nd, 2019]
- The Crypto Daily Movers and Shakers -01/11/19 - Yahoo Finance - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash Retraces and Attempts to Retest the Previous High of $300 - Coin Idol - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash more vulnerable to timestamp manipulation than Bitcoin: BitMEX Research - AMBCrypto - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash, NEO and XRP Price Prediction and Analysis for October 29th - NullTX - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash First Halving Countdown Begins, To Happen in May 2020 - Coinpedia - November 2nd, 2019 [November 2nd, 2019]
- The resolution of the Bitcoin Cash experiment - CoinGeek - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin Cash's Q3 performance was horrid here's what happened - The Next Web - November 2nd, 2019 [November 2nd, 2019]
- Bitcoin and Altcoins Topside Bias Vulnerable - Cryptonews - December 4th, 2019 [December 4th, 2019]
- Bitcoin Cash Price Changed by -0.4 percent - ICO Brothers - December 4th, 2019 [December 4th, 2019]
- SoFi gets New York BitLicense, set to offer crypto trading in the state - Decrypt - December 4th, 2019 [December 4th, 2019]
- Bitcoin and Altcoins Gaining Bearish Momentum - Cryptonews - December 4th, 2019 [December 4th, 2019]
- Bitcoin Cash Price Changed by -0.01 percent - ICO Brothers - December 4th, 2019 [December 4th, 2019]
- Bitcoin Cash Price Changed by -1.04 percent - ICO Brothers - December 4th, 2019 [December 4th, 2019]
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- Altcoin apocalypse the dramatic fall of XRP, Bitcoin Cash and ZEC - Born2Invest - December 7th, 2019 [December 7th, 2019]
- The Crypto Daily Movers and Shakers -07/12/19 - Yahoo Finance - December 7th, 2019 [December 7th, 2019]
- Bitcoin's bumpy revolution may be only just beginning - The Independent - December 7th, 2019 [December 7th, 2019]
- Early BTC Investor Roger Ver Says Bitcoin Cash Set to Skyrocket A Thousand Times From Where It Is Now - The Daily Hodl - December 7th, 2019 [December 7th, 2019]
- Bitcoin Cash Price Analysis - Will The Uptrend Continue Above $212? - KryptoMoney - December 7th, 2019 [December 7th, 2019]
- Award-Winning Bay Area Nonprofit Now Accepts Bitcoin, Bitcoin Cash, and Ethereum Donations through BitPay - Send2Press Newswire - December 7th, 2019 [December 7th, 2019]
- Understanding the distribution of the crypto market: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Cardano - FXStreet - December 7th, 2019 [December 7th, 2019]
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- Bitcoin Cash Price Analysis: BCH/USD ruthless bears gnaw the price towards $200 - FXStreet - December 7th, 2019 [December 7th, 2019]
- Bitcoin Cash (BCH) Bounces, a Move above $227 Increases the Prospect of a Rally - Coin Idol - December 7th, 2019 [December 7th, 2019]
- Rebranded Localcryptos Lets You Cash Out BTC Peer to Peer Minus the Hassle of KYC - Bitcoin News - January 30th, 2020 [January 30th, 2020]
- BCH Price Momentum Astounds the Traders Overnight - NameCoinNews - January 30th, 2020 [January 30th, 2020]
- Bitcoin.com Update: Dev Fund Proposal 'Will Not Go Through' Without More Agreement - Bitcoin News - January 30th, 2020 [January 30th, 2020]
- Developers Say Google Play Unfairly Booted Their Bitcoin Rewards Game - CoinDesk - January 30th, 2020 [January 30th, 2020]