Happy Sunday in Crypto Land as Markets Pump by $14 Billion
FOMO Moments
Crypto land is doing well today, altcoins on the up include Bitcoin Cash, Neo, Tezos and Bitcoin Diamond.
The weekend has been a little brighter in crypto land has upward momentum has resumed and there have been no further declines. A few hours ago markets shot up over $10 billion in less than an hour in one epic pump. Total market capitalization shot from around $266 billion to just under $280 billion before pulling back a little.
Bitcoin jumped $250 in less than an hour giving it a 2.8% gain on the day. BTC is currently trading at $6,830 and technical indicators suggest that it could reach $7,000. Ethereum followed suit with a 4.6% gain to trade at $490 again with positive signals to break $500.
Altcoins are mostly in the green this Sunday with a few streaking ahead of the pack. In the top ten Bitcoin Cash has made the biggest gains with 6.4% to trade at $770. The rest are up between 4 and 5% except Stellar which has only managed to claw 2.3% back at the time of writing.
Neo has made a solid recovery today with 7.5% on the trade price pushing it back over $40. Tezos once again is pumping with an impressive 22% climb on yesterday’s trade price. XTZ is currently trading at $2.18 up from $1.78 this time yesterday and $1.18 the day before. With a market cap of $1.3 billion Tezos has surged into the top 20 surpassing OmiseGO, Qtum and Zcash.
Further down the list Bitcoin Diamond is flying with a 31% pump on the day to trade at $2.70. Other altcoins riding on the back of the upsurge include VeChain up 5.6%, Verge gaining a similar amount, and Digibyte climbing 13% on the day.
Crypto markets have gained 3.4% on the day and are currently at a level of $277 billion. Trade volume has remained stable at $12 billion though Bitcoin dominance has fallen back slightly to $42.1%. Over the past week markets have gained 7.8% climbing from $257 billion this time last Sunday showing short-term bullish momentum. Over the past 30 days however they are still down 18.5% indicating that the mid-term outlook is still bearish.
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing one, looking for trends and possible fundamentals.
The post Happy Sunday in Crypto Land as Markets Pump by $14 Billion appeared first on NewsBTC.
by Martin Young on July 08, 2018 at 04:15PM