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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Crypto Market Update: $7 Billion Pump Holding For Now

Martin Young
Martin Young
6 years ago
2 mins read

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Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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FOMO Moments

Crypto markets making moves on Monday; Litecoin, Cardano and Neo racing ahead, Ethereum sluggish.

Another crypto market rally has greeted us this Monday morning as $7 billion flowed back into digital currencies over the past 24 hours. The bounce has taken total market capitalization over $135 billion and the two week trend is still a positive one.

Bitcoin had another one of its vertical spikes a few hours ago as the big green candle broke through resistance and topped $4,000. The good news is that BTC has held on to its gains this time and is currently trading at around $4,070, up 6% on the day.

Ethereum has not made much this time around, adding a meager 2.5% on the day taking it back over $155. This has enabled XRP to close the gap with a 4% gain on the day to $0.370. The market cap difference between second and third is now $1.2 billion.

The rest of the top ten is all green during the Asian trading session today. Streaking off ahead is Litecoin adding 9% on the day and touching $40 for the first time in nearly two months. Stellar has made 6% but that was not enough for it to drop a place to LTC which is now sixth and not far behind EOS which has made 5%. The rest are up between 2 and 4 percent at the time of writing.

Big gains have been made by Neo and Cardano in the top twenty with 8 and 12 percent respectively. The three privacy coins Monero, Dash and Zcash are all making over 6% on the day and the rest are 2 to 4 percent higher, only a couple of stablecoins are showing red at the time of writing.

The fomo today is going to DEX again which has pumped and dumped by 90% in previous days. REPO is back up again with another 30% pump and Buggyra Coin has also made over 25% on the day. Getting hammered is MobileGo shedding 16%, the only coin in the top one hundred to drop double figures.

Total crypto market capitalization has been boosted by $7 billion as it climbs around 5% on the day. Markets have currently settled at around $137 billion which is still within their range bound channel. Daily volume is up to around $17 billion and Bitcoin dominance has crept up half a percent to 51.6%.

FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

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Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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