This Sunday, we are seeing nothing but green in the daily cryptocurrency news – where the top 20 cryptocurrencies report nothing but gains. Led by Bitcoin (BTC) and its recent jump to the $3,300 region, other major coins are rising as well.
At press time, Bitcoin is trading at $3,292 with a 2.33% daily increase, followed by Ripple and its 2% increase which puts it at the $0.292 price margin. Ethereum (ETH) is next rising by 4% and now coming closer to $90, with a current price of $87. Stellar, EOS, Litecoin and Bitcoin Cash all recorded gains which took the cryptocurrencies form their lowest over the past couple of days – to a new correction.
It seems like the entire cryptocurrency market cap is also rising and correcting itself from the speculation that it is ‘prepared’ to go under $100 billion, which is by the way still active. Currently, the market cap is $104 billion, rising by more than $3 billion in today’s ‘Green Sunday’.
On the weekly charts, the situation is still not bright for Bitcoin, which fell to a yearly low this week, as well as Ethereum and Bitcoin Cash, which has fallen by more than 80% this month alone.
Still, today’s greens are a sign that improvements can still exist and that they may even lead the market to a new short rally.
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