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Home / Business / Why is Bitcoin beating Cash Big Brother in today's $ 6 billion crypto market pump?

Why is Bitcoin beating Cash Big Brother in today's $ 6 billion crypto market pump?



The markets for crypt have risen by $ 6 billion; Bitcoin Cash is up, Crypto.com is up 500% this week, Ethereum and Litecoin are doing well.

On the crypto markets, the momentum has continued as we start the weekend. The bulls awoke and drove over $ 140 billion in market capitalization as Altcoins boosted recovery and Bitcoin reached critical resistance levels.

Over the past 24 hours, Bitcoin has slowly risen to $ 3,960 before going into action a few hours ago, breaking $ 4,000 to reach an intraday high of $ 4,070, which is currently being traded. The 3.5% increase for BTC has pulled the rest of the market higher as Altcoins make larger moves. Bitcoin dominance is still falling and has now dropped to a new 201

9 low of 50.7%.

Ethereum posted a solid 7% that day, rising to $ 145. The three-week high for the ETH once again raised its market capitalization to more than $ 15 billion and increased the gap to the XRP in third place to nearly $ 2 billion. The ripple token was weak again during this rally as it rose just below 3% to $ 0.320.

The top ten are consistently green during today's Asian trading session. Bitcoin Cash has seen an epic increase of 17.5% this day, for the first time since early January to $ 160. The relatively dark Korean stock exchange Lbank currently accounts for a quarter of the BCH volume. Litecoin is also good as it breaks $ 60 with a 9% increase on the day. EOS, Stellar and Tron scored 4-5 percent and Binance Coin did not move during this run.

More green has spread over the top 20, but profits are not there large. Top contributors at the time of writing were Bitcoin SV and Maker, both up 7%, closely followed by Cardano, NEO and Ontology, which are currently gaining over 5%.

FOMO: Crypto.com's Chain Keeps Killing It

For The third day that Crypto.com's CRO token runs is the Altcoin with the best performance among the first hundred. It has risen another 40% since yesterday to stay above $ 0.10. The daily volume has increased tenfold from $ 5 to $ 10 million, with the majority traded on the Korean upbit exchange. The company's PAY platform was launched yesterday, and Blockfolio has just added CRO to its signaling service. Yesterday, CRO reached an all-time high of $ 0.122, a whopping 500% increase in less than a week.

Apart from BCH, other Altcoins are currently being pumped, Holo is up 17% and Kucoin stock is up 13% that day. The only Altcoin with a double-digit deduction among the top 100 is Wanchain slipping by more than 10%, Project PAI being second with a loss of over 6% at the time of writing.

Total market capitalization 24 hours. Coinmarketcap.com

The total capitalization of the crypto markets increased by 4.5% per day, reaching $ 141 billion. The $ 6 billion cash injection has pushed the markets to a three-week high, and Altcoins are building momentum as Bitcoin bumps against $ 4,000.

Market Wrap is an area that daily reviews the most important cryptocurrencies during the current trading session, analyzing the best results and looking for trends and potential foundations.


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