Ethereum Sweeps The Market, Bitcoin Almost At $6k High

The crypto markets have surged to a new high for 2019 with Ethereum leading the rally followed by Bitcoin for a change.

After a pretty dull weekend and the early part of the week spent on consolidation, the market suddenly surged during the Asian trading session and continues to be bullish till the time of this writing. The market capitalization gained $8 Billion in the process, bringing the total market cap to $188.5 Billion. The trading volume also surged to $55.9 Billion.

Bitcoin is currently trading at $5947, gaining 4.40% on the day. Yesterday, it was trading at $5689 then began surging past the $5800 a few candles earlier. As the Bitcoin corners more gains, its dominance is also growing stronger and is now at 55.8%. It’s market capitalization has reached $105 Billion while the trading volume is now just a touch shy of $18 Billion. The resistance at $6k is proving hard to break at the moment and there might be pullback in the short term.

Ethereum, which has received a boost from CTFC, went ballistic after a couple of days staying in the reds. It has gained a monumental 8.41% over the day to trade at $177.39 at the time of this writing. Earlier, it has reached a high of $180 before pulling back to its current price. Meanwhile, XRP hs followed the top 2 timidly to trade at $0.304 with a gain of 1.62%.

Top 100 Crypto Market Movers

The rest of the Top 10 went green -led by Litecoin on the 5th position. It has gained 4.44% on the day to trade at $77.00. EOS and Bitcoin Cash follows with 3% gain between them.

The Top 25 is looking better with several assets jumping after losing out on the last Bitcoin rally. Tezos has reclaimed 8.98% and is currently exchanging hands at $1.25. Maker is up by 6% and the rest are doing good between 2-5%.

Down the Top 100, Japan Content Token, an obscure coin went on a pump to get to the 63rd position on the market cap list after a 708.35% pump today. ABBC coin follows with a 25.51% gain. TrueChain went on a 21.62% pump as well. After several days of drought, the double-digit gainers’ list is suddenly growing long again. Chainlink, Dent, IOST, iExec RLC, Santiment Network, and Nano have gained 10-13% between them. There are no big dumpers today.

Anyhow, this is today’s market recap to give you a glimpse of what happened on the crypto markets while you were sleeping. Trade safe, and have a great Friday!

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