Most of the top 20 cryptocurrencies are in the green as the coming altcoin news show. The most dominant cryptocurrency is still near $5,300. We are seeing Bitcoin with moderate gains on the day to press time, leading the market to a new potential rally.
Even though it is up by around 1% on the day, analysts report seeing Bitcoin with moderate gains – especially as the most dominant cryptocurrency pushed through the $5,300 mark. As data from CoinMarketCap shows, the market cap is coming closer to the $172 billion mark.
Meanwhile, Ethereum (ETH) is holding onto its position as the reigning king in the altcoin news with a market cap which is nearly $16.9 billion. The second largest altcoin, Ripple (XRP) has a total market cap of $12.5 billion right now.
Despite the Bitcoin with moderate gains, crypto currency news also show that ETH is up by nearly 3% over the last 24 hours. Right now, ETH is changing hands with the $159 mark and on the weekly chart, the coin has seen its value decrease by over 7%.
Meanwhile, XRP is down just 0.23% over the past 24 hours and is right now trading at $0.297. On the weekly chart, we can see that Ripple is unlike the dominant Bitcoin with moderate gains – having lost about 10% from its price.
The most notable price action in the top 20 cryptocurrencies is recorded by Ontology (ONT) which is over 11% on the day and down by 12% on the week. Tezos (XTZ), on the other hand, is up nearly 10% today and down 9% on the week. The total market capitalization including Bitcoin with moderate gains is right now at $172.8 billion which is about 5% lower than the value reported a week ago.
All of this leads us to believe that we are in a bearish scenario. However, the future is bright for next week and the end of the month April. As the latest cryptocurrency news show, it seems like the ongoing saga surrounding the crypto exchange Bitfinex and its sister company and stablecoin Tether (USDT) is slowly unfolding – and as a result, we see Bitcoin with moderate gains and a mix of mostly greens and reds on the market.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]