A lot of best cryptocurrency news sites are reporting a new crypto market high 2019 which is pushing things higher, led by Bitcoin. BTC has managed to climb to a new high of $6,300 and led the altcoin in a rally which passed $190 billion in the total market cap – a level that is first seen since November 2018.
The new 2019 crypto market high was made by Bitcoin (BTC) a couple of hours ago. Bitcoin has not dropped below $6k since breaching the psychological barrier in early trading yesterday, pushing a further 3% today. The big move has taken the BTC volume up to $18 billion and the market cap over $110 billion. The BTC dominance is now at a new 17 month high of 58%, while the altcoin news show a slight increase compared to the meteoric one that Bitcoin has recorded.
While making big moves, Bitcoin has led the 2019 crypto market high but also pulled Ethereum (ETH) up a little as it approached $175. On the downside, the Ethereum market share has been eaten away to under 10% while remaining sluggish over the past 24 hours.
Right now, the top ten is in a mix of reds and greens. The only altcoin which is largely contributing to the 2019 crypto market high is Litecoin (LTC) – making a positive momentum as it reaches $77 with a 2.5% increase on the day. Binance Coin (BNB) is still getting dumped and dropping 8% back to $19, while Ripple (XRP) and Stellar (XLM) continue losing a couple of percents on the day.
The cryptocurrency market high is seen is the top 20, even though it is led by Bitcoin. The coming altcoin news show that Bitcoin continues to consume the altcoin market. As analysts say, the FOMO-driven pump yesterday was triggered by the Asian trading session.
Currently, the total crypto market capitalization is at a 2019 high at $191.8 billion – down from the all-time high of $192 billion recorded a few hours ago. The Bitcoin dominance is at 58% which is another 2019 high, while the 24 hour trading volume is $55.5 billion.
With a total of 2166 cryptocurrencies, Bitcoin is leading the FOMO-driven pump but it is uncertain whether this bullish run will continue. What is certain is that the 2019 crypto market high put a lot of optimism for investors as the markets slowly grind towards a new crucial total level at $200 billion as the latest cryptocurrency news show.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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