The current price of Bitcoin is a hot topic re-shared on many best cryptocurrency news sites for its apparent breakthrough. The Bitcoin market cap is now at over $100 billion for the most dominant cryptocurrency – triggered by the constant Bitcoin gains in four consecutive days with 5.7% since the beginning of the week.
Therefore, we suggest that the demand of Bitcoin is driven a lot right now. The total Bitcoin market cap has recently reached the $101 billion mark and the dominance over the cryptocurrency market is now at 55% which is another high for the most dominant cryptocurrency.
Even though Bitcoin made a move and climbed to over $5,700 as the latest cryptocurrency news show, altcoins have stayed put compared to fiat currencies. The altcoin HODLers have received a small amount of Bitcoin in exchange which can be perceived as a loss. However, almost all of the top coins felt the pressure of the bears and the Bitcoin maximalists – which resulted in a greater Bitcoin market cap.
In the altcoin news, Ethereum (ETH), Ripple (XRP), Stellar (XLM), Monero (XMR), Bitcoin Cash (BCH0, Tron (TRX) have all had moderate rises which can be attributed to the inflation in Bitcoin (BTC) prices. On top of all this, Litecoin (LTC) and EOS (EOS) were more tightly coupled with BTC and the Bitcoin market cap which grew recently.
Binance Coin (BNB) which has been one of the best performing coins, as seen on many altcoin news sites, continued to trade around its all-time high price resistance near $24. The coin is recording positive gains.
On the other hand, Tezos (XTZ) and Cosmos (ATOM) are another altcoins which managed to surge on a daily scale and are featured in the coming altcoin news – recording losses of 8% and 12.89% respectively. Recently, Cosmos has been gaining considerable traction in the market – but also being listed by top exchanges such as Binance and Huobi. Both of these coins have kept solid track of the growing Bitcoin market cap and the solid gains which BTC triggered.
At press time, Bitcoin (BTC) is trading at $5,723 with a market cap of $101.19 billion. The total cryptocurrency market cap is also positive at $182 billion while the 24 hour trading volume is at $50 billion accordingly. The Bitcoin dominance is at 55.6% which is a new record high this year.
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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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