Crypto Market Update: $10 Billion Pump Follows Four Day Dump

Crypto Market Update: $10 Billion Pump Follows Four Day Dump
фото показано с : newsbtc.com

2018-12-29 11:00

FOMO Moments Crypto markets rebound again; Ethereum and Bitcoin Cash surging, EOS and Litecoin following.

The volatility appears to be creeping back into crypto markets with a dump one day followed by a pump the next. Since Christmas day markets have been sliding back but a bounce a few hours ago has injected $10 billion back into them and propelled total market capitalization back over $130 billion.

One almighty spike a few hours ago shot Bitcoin from $3,670 to over $3,900 in around an hour. BTC is currently up over 7% on the day and is approaching $4,000 again. The $200 plus pump has taken it back to pre-Christmas levels though longer term momentum has yet to be defined from these ‘Bart Simpson’ type chart patterns.

Ethereum has enjoyed even greater gains today with a surge of over 18% to take it back over $135 again. The market cap gap between ETH and XRP in second has now closed to a billion dollars as the Ripple token only adds 8% on the day.

The entire top ten is green again with some altcoins pumping harder than others. It is a rare occasion that Ethereum is the top performer but just behind it with gains of over 15% are Bitcoin Cash, EOS and Litecoin. EOS and Stellar are still battling for fifth spot and are both on the same market cap.

There are a number of double digit performers in the top twenty during today’s Asian trading session. They include Cardano, Iota, Binance Coin, Neo and Zcash all making 12-14 percent at the time of writing.

Big fomo surges of over 25% are going on at Linkey and DEX however these low cap coins are extremely volatile. Aurora is the only altcoin in the top one hundred getting bashed at the time of writing as it dumps almost 10% on the day.

Total crypto market capitalization has expanded by another $11 billion as it jumped 9% in a matter of hours. Yesterday, $5 billion was dumped. The figure now stands at $132 billion as markets appear range bound in this channel for now. Daily volume has climbed to almost $19 billion at the time of writing.

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.

The post Crypto Market Update: $10 Billion Pump Follows Four Day Dump appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.004783 (-100%)

day crypto markets pump billion dump back

Источник: newsbtc.com

day crypto → Результатов: 126


OKEx Exchange Launches Ethereum (ETH) Based Perpetual Swaps for Crypto Traders

It has been an interesting and, albeit belated Christmas for cryptocurrencies. An example of this includes OKEx, the cryptocurrency trading platform based in Hong Kong. The company has made it public that perpetual swaps of Ethereum (ETH) will be readily available on its platform as of December 26th (Boxing Day). This sequence of announcements were […]

2018-12-29 23:48


Фото:

Bitmain Reportedly Will Sack More Than Half of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.

2018-12-29 21:20


Фото:

Bitmain Reportedly Will Sack Up to 85 Percent of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.

2018-12-27 21:20


This week in Crypto: Tron hits 100 Million TXs a day, Trump Appoints Crypto Advocate, Crypto market bull run, XRP Whale Spotted, Bakkt Bitcoin Futures Approval, Bitcoin to $50k and More

During the course of the week, many events took place in the crypto space, one of the most remarkable being the market recovery that nearly all cryptocurrencies have witnessed. Bitcoin also recovered to $4,000 for the first time since the crash which started in November 2018.

2018-12-24 22:57


Coinbase Continues with “12 Days of Coinbase,” Offering USDC Stablecoin Support for Day 7

Coinbase decided to celebrate the holidays with 12 days of surprises for their users, going from December 10th to December 21st. There’s already been six days of festivities, ranging from the ability to use WeGift gift cards with crypto to establishing a Watchlist that is customizable to the user. On this seventh day of Coinbase, […]

2018-12-18 02:52


Bitcoin Celebrates an Unfortunate Anniversary as BTC Price’s All-Time High Was 1 Year from Today

We celebrate a particularly rare anniversary for Bitcoin this year. To the day, December 17th, 2017, the crypto reached its all time highest valuation of 20,000 dollars. This was, of course, followed swiftly by an even swifter decline into a bearish market, leading to its value being slashed by nearly 85 percent. Now, with BTC […]

2018-12-18 02:42


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is XRP Your Next Big Bet? Analyst Makes Bullish Case For $3 Trillion Market Cap

A recent analysis from EGRAG CRYPTO has captured the attention of the crypto community with an ambitious prediction. The analyst suggests that XRP’s market cap could potentially reach an astounding $3 trillion, a development that would elevate the token into the top tier of digital assets and significantly impact the entire crypto landscape. Related Reading: […]

London Stock Exchange’s new crypto ETNs see sluggish start, only 200 shares traded

Quick Take On May 28, the London Stock Exchange opened trading for crypto exchange-traded notes (ETNs), but access was restricted to regulated financial investors, excluding retail traders. This development raises questions about the demand for these ETNs, especially since European investors have already had access to digital asset ETFs for some time now.

Криптоаналитика: обзор рынка биткоина (BTC) и альткоинов. Ключевые данные за неделю

За последние 24 часа рынок криптовалют буквально засиял новыми красками! Bitcoin и несколько альткоинов показали значительный рост, хотя это только начало. BNB, Ripple, Dogecoin и Solana порадовали инвесторов своим ростом, подтвердив положительные тенденции на рынке.

Coinbase resumes XRP trading in New York

Cryptocurrency exchange Coinbase has resumed XRP trading in the state of New York again following a 2021 suspension. Paul Grewal, Coinbase’s chief legal officer, announced on X that XRP is now available to trade in the state. “We heard you…