Markets Update: Cryptocurrencies Bring Bullish Gains This SpringThe top ten cryptocurrency positions on April 24, 2018.
Cryptocurrencies are breaking new price levels this week as markets are seeing gains across the board during the last two weeks of April. Yesterday’s trading sessions saw bitcoin cash touch a high of $1,560 per BCH as the currency has been on a relentless run over the past week. BCH prices are hovering around $1,477 at press time. Bitcoin core (BTC) prices touched a high of $9,410 but prices have dipped to the $9,340 range since reaching that vantage point. Overall there are quite a few digital assets seeing more significant gains than BTC as the spring trading season starts to melt the ‘crypto winter’ blues that recently plagued the community.
The Top Cryptocurrency Market PerformancesCryptocurrencies, in general, have done well over the last two weeks and the current momentum continues. BTC markets have seen a daily volume increase of $8.8Bn and a $157Bn market capitalization. However many other digital currencies have seen much bigger gains and BTC dominance is down to the 37 percent threshold today. Ethereum (ETH) markets are doing considerably well this week and are up 35 percent over the last seven days. One ETH is averaging around $695 per coin during the April 24 trading sessions. The third largest cryptocurrency valuation held by ripple (XRP) has seen seven-day gains around 37 percent. The market value of XRP today is $0.91 cents and markets command a $1.2Bn 24-hour trade volume. The cryptocurrency EOS has taken over the fifth top market capitalization as its markets have increased significantly this week. One EOS is hovering around $13.42 per token today with a $1.9Bn daily trade volume.
The Verdict: Crypto-Optimism is in the AirOverall cryptocurrency market participants are extremely pleased with the past week’s runups in value. However, some traders are still skeptical that we are out of the bear market range as there have been a lot of false positive rallies over the last four months. So far the verdict is many traders and digital asset enthusiasts are confident 2018 will be just as spectacular as last year.
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