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.