Crypto Market Recap: 18, December 2018
The crypto market has been very lively for the past day as the bulls managed to engineer a strong bounce yesterday. The crypto board has turned green with most of the coins recovering from their all-time lows. The market capitalization at the time of this writing, is at $113.7 Billion, jumping from yesterdays $104 Billion. The trading volume ballooned to $17.3 Billion and the BTC dominance got tamed a bit at 54.2%. Bitcoin retraced its path to $3500 from a recent low last Saturday at $3,140. It has managed a 7.72% growth and at the time of this writing is dipping at $3453. The capitalization recovered nicely and is at $61.7 Billion. It is consolidating gains as of now and it remains to be seen if this is just another dead cat bounce or the start of the journey to recovery.
Ethereum is finally making huge strides as it climbed as high as $95. Unfortunately, there is no psychological $100 breakthrough yet which is what most followers are waiting for. It’s exchanging hands and retracing at $92.09 as of now with a 9.09% gain and needs to recover above $95 to be able to retest Asian high at $96.66 and proceed to Monday’s high at $98.90. If this area is cleared, $100.00 will come into focus.
For the rest of the Top 10, EOS is the biggest gainer today at 25.21% bringing its price to $2.47. It has climbed to the 4th position and dislodged Tether which temporarily climbed high yesterday before bouncing down to the 6th position. XRP is next with a 15.92% gain on the day. It has climbed to $0.335 at the time of this writing. Stellar and Bitcoin Cash follows with 12.99% and 10.03% respectively. Laggers are Bitcoin SV @4.48 % and Litecoin at 5.87 %. The Top 25 is surging with Dogecoin on top. It has gained 18.50% on the day. Doge has been flat for the past weeks and has only managed to have a kickstart today. IOTA, is also back to $0.255, and almost reaching back its pre-weekend price before the last weekend’s rout. Cardano, just barely outside the Top 10 has recovered 12.24% on the day. It remains to be seen if it can go got Tron’s position on the Top 10. Dash and VeChain are both at 11% gain and Bitcoin Gold closes the double-digit gainers’ list. The rest have varied gains ranging from 3–9%. Down the Top 100 crypto, curiously, the board doesn’t have a big pump today or the Asian market at least. Apart from EOS from the Top 10, Ontology leads the biggest gainer as it woke up from a long slumber with a 20.40% gain and taking its price to $0.58. MobileGo, Qtum, and Digibyte are both recovering at 18%. Dentacoin, Hypercash, and MOAC, have 15% growth between them. There is no dump at the moment.
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 Tuesday!
Originally published at dna.coinve.st on December 18, 2018.
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