• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
Iota

Asian Cryptocurrency Trading Roundup: Top Altcoin is Iota

Martin Young by Martin Young
5 years ago
in Cryptocurrency news, Market Wrap
Reading Time: 2 mins read
Advertisement

FOMO Moments

Many were expecting markets to correct this weekend following a couple of days of solid gains across the board. The good news is that they have remained above $300 billion total cap level and Bitcoin has held its ground trading just over the key $8,000 level. The big daddy of crypto has remained stable in the last 24 hours gaining just over one percent, altcoins have also stayed largely in the green and the rally is holding up for now. As usual one crypto is outperforming its brethren this morning and that coin today is Iota.

Coinmarketcap is reporting a 12% gain for Iota during the morning’s Asian trading session. Most of the other altcoins have remained at the same level for the past 24 hours but Iota continues to make gains. It is currently trading at $1.50, up from $1.36 this time yesterday. Volume has decrease though indicating that the bullish pressure may be slowing down. Over the week Iota has made around 50% from $1 this time last weekend. The monthly picture also shows solid gains of around 45% for this altcoin. Against Bitcoin Iota has increased by almost 10% to 18600 satoshis from 16900 sats this time yesterday. Over the month its gains against BTC have been even stronger at 20% from 13800 satoshis this time last month.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

The Internet of Things (IoT) based crypto seems to be riding on the back of the general wave of buying pressure over the past few days. Falling to below a dollar several times over the past few weeks Iota has been viewed as a good buy. Iota developers have adopted a slightly different approach to regular blockchain cryptocurrencies and use a blockless based distributed ledger called Tangle. The team was hit with bad news back in January when $4 million in Iota was lifted in a hack that exploited the seed generation process used to access Iota wallets.

Bitfinex currently dominates all trade in Iota with around 40% of the total volume, Binance takes second place with around 35%. Total trade volume has fallen over the past 24 hours from $88 million to $53 million where it currently stands. Iota is ranked at number 10 on the market cap charts with just over $4 billion, it peaked at $5.37 (43000 satoshis) on December 6.

Total crypto market capitalization has remained steady in the past 24 hours and currently stands at $323 billion. For this to be considered a true market recovery it will need to make a new higher high above the $355 billion it reached during the rally on March 22. Other altcoins with strong growth this morning in Asia include Nem, Ontology, and Siacoin.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

More on Iota can be found here: https://iota.org/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

Tags: Asian trading sessionFOMOFOMO momentsIoTIOTA
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
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.

Related Posts

Pooky, The NFT Football Prediction Game That Pays, Launches Today

Pooky, The NFT Football Prediction Game That Pays, Launches Today

11 hours ago
Bitcoin

Bitcoin Price Action Mirrors Q1 2021, Volatility Ahead?

23 hours ago
Ethereum (ETH) number of addresses surges

Number Of Ethereum Addresses In Profit Hits 10-Month High As ETH Continues Rally

1 day ago
Bitcoin

Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?

1 day ago
Ethereum bull

On-Chain Data Indicates Ethereum’s Bullish Trend Could Continue

1 day ago
Bitcoin

Quant Explains How Bitcoin ‘ESR’ Can Act As Leading Indicator For Price

1 day ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

ShibaLauncher: First Community Driven Launchpad on Shibarium Opens Token Pre Sale To SHIB Holders

March 25, 2023

As the competition in the derivatives market heats up, BitMake is poised to stand out

March 25, 2023

BNB (BNB) Stagnates, Collateral Network (COLT) Presale Takes Off, And Avalanche (AVAX) Loses Ground

March 25, 2023

Don’t Be Slow! TMS Network’s (TMSN) Presale Is Selling Out Fast As Aptos (APT) And Avalanche (AVAX) Fall To A New Low

March 25, 2023

IBC Group Incubates Chirpley, Pioneering a New Era of Digital Marketing with Nano-Micro Influencer Marketplace

March 25, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.