The crypto market continues to be vibrant and positive as the day progresses. It has gained over 18% in 3 days. Yesterday, BTC was consolidating under resistance but the bulls were able to defeat the pull-down and proceeded to climb the charts. It had a positive effect on the market and the entire crypto board followed its lead.
The total market capitalization has jumped to 123 Billion from yesterday’s $113.7 Billion and the long-awaited recovery might finally be coming back to town this Christmas. The trade volume is still climbing and has not petered out with an additional 2 Billion plying the market at $$19.2 Billion. The BTC dominance has come down to 53.6%.
Bitcoin is taking the market by the ear and has carved a new 7.92% gain on the day. At the time of this writing, Bitcoin is exchanging hands at $3722. On the outset, it is set to break the $3800 as the path of least resistance. Analysts though, are still very cautious and fearing a possibility of the surge losing strength and the price falling back to $3400. From $61.7 Billion yesterday, the volume is also coming back strong with today’s increase to $66 Billion.
Ethereum has been taking advantage of the breakout. It finally broke thru $100 resistance and gained 1-.36 on the day. The coin broke the resistance above $88 and the hurdle at $90.00. The momentum has been momentarily halted earlier but proceeded to its current price at $101.92.
The Top 10 is on a second-day green with a huge shake-up on the rankings. Bitcoin Cash has been making a comeback with a huge recovery at 30.95% taking its price to $116.64 at the time of this writing. Tron and XRP also joined the party with 14.75% and 12.12% gain respectively. The rest are also active and is moving to break thru their year lows.
Waves is making a splash with a 46.53% gain on the day. This is said to be caused by the signing of a cooperation agreement with Tokenization Standards Association (TSA). Maker and IOTA follow with a 16–18% growth today, Monero, Dash, and Binance are all at 11% gain at the time of this writing. The rest are working at 5–8% gain and is working hard to join their double-digit gainer competitors.
Monacoin has one the biggest movement on the charts today and is moving at 57.71% gain on the day, This pump is the biggest at the time of this writing and is followed by more double-digit pumps above 20%. Stratis has gained 49.38%, Revain is at 30.58%, Digitex Futures is at 27.52%, and lastly, Populous is at 23.78%. There are other pumps above 10% today and beyond that most are on the green.
Overall, the market is making big strides today. If it is sustained, the entire crypto board may well be on the way to recovery next year.
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 Wednesday!
Originally published at dna.coinve.st on December 19, 2018.
CoinDNA is an educational website that aids users in research, the first step of their investment journey, providing insights to help navigate investment decisions, including market data for individual tokens, a daily market report, and custom frequently-asked analytics.