Home Price Analysis Market Analysis Cryptocurrency market update: Bitcoin stops within a whisker of $11,000, altcoins follow...

Cryptocurrency market update: Bitcoin stops within a whisker of $11,000, altcoins follow the lead

The cryptocurrency market is in a bull’s mode as Bitcoin and all major altcoins have been growing actively in recent 24 hours. The total market capitalization hit $322 billion, which is the highest level in more than a year; an average daily trading volume jumped to $80 billion. Notably, the trading volumes have been growing strongly in sync with the bullish price momentum

Top-3 coins  price overview

  • BTC/USD is hovering at $10,750 after a move to $10,930 during early Asian hours on Saturday. The first digital coin has gained over 10% in recent 24 hours and enjoyed a 5%-rally since the beginning of Saturday. While other major coins are also gaining ground, Bitcoin remains a growth leader of the day. Its market dominance spiked to 59.2%
  • Ethereum, the second largest digital asset with the current market capitalization of $32.7 billion, stays above $300. At the time of writing, ETH/USD is changing hands at $306, off the intraday high registered at $308.70. The coin has gained 7% in recent 24 hours.
  • Ripple’s XRP tested area above $0.4600 handle during early Asian hours and retreated to $0.4570 by the time of writing. The third largest coin with the current market capitalization of $19.4, has grown by 4.5% from this time on Friday and 3% since the beginning of Thursday trading.

The biggest altcoin market-movers

  • DASH is one of the best-performing cryptocurrencies on Saturday. The coin takes the 15th place in the global cryptocurrency rating with the current market capitalization of $1.5 billion. DASH/USD is changing hands at $178.50, up 9% on a day-on-day basis.
  • NEO is among the growth leaders of the day with over 6% of gains in recent 24 hours. NEO/USD is changing hands at $14.63 at the time of writing. This is the 18th largest coin in CoinMarketCap’s rating with the current market capitalization of 1 billion.

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