XRP Moves The Crypto Market Today, Bitcoin Dominance Is Falling
Crypto Market Recap: 06, November 2018
The crypto markets are continuing with the positive momentum since the weekend and is showing some strong signs of clear breakout, according to some analysts from Twitter. The Top 100 is a mix of reds and greens but altcoins are clearly winning the day.
The market cap has crept up to $215.3 Billion, adding $3 Billion from yesterday. The trading volume is $14.5 Billion and continues to rise. The BTC dominance has fallen down 51.8% with altcoins recovery.
Bitcoin has not moved a lot since yesterday and has only grown -0.17%. It has stalled in the Asian market and has not move from $6400. Currently, it is at $6475 and is possible to retest $6500 in the short-term.
Ethereum, like its big brother Bitcoin has also been stalling at $210. The last candle has been moving forward though and there is a big push in volume. Currently it is at $213 and should start going forward if the general market conditions does not change in the short term. Looking at the chart, above $205, it is flourishing. MACD is moving back in the bullish zone as well as RSI which is currently above 80.
For the rest of the Top 10, the biggest gainer is XRP with 15.09% growth on the day and trading at $0.533. There are no clear indicators on why it is currently pumping except its new addition to OKEX exchange on margin trading. On a far second is Stellar at 3.83% gain on the day. Cardano and EOS are head to head at 2%. On the other side, Bitcoin Cash is correcting after a long streak of greens but marginally as of now. Monero too, is correcting and Tether is red at the moment.
On the Top 25 crypto, we have all greens today, but not much movement except for Zcash and Omisego at 4% gain. Tron is also moving at 3.73% gain on the day with $0.024 trading price. The rest are at 0–2% gains.
The Top 100 is curriouslly still devoid of pumps which has been ongoing for several days now. Other than XRP, there is no huge movement. WAX is at 5.35%, and MaidSafeCoin is at 4.24%. Other than that greens are very minimal. The reds though are getting disconcerting in a clearly good market. Ravencoin has lost -8.33%, Chainlink at -7.81%, Polymath at -6.88%. Ark, Waltonchain and Populous are losing 5–6%. Clearly, the altcoin moves are getting locked up on the Top 10 today and the BTC dominance is won mostly by XRP.
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 November 6, 2018.
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