In the latest cryptocurrency news, we are seeing a lot of positive movements as another weekend unfolds. Currently, the crypto market cap is back over $180 billion as it approaches the previous highs for 2019, according to data from CoinMarketCap.
The big question is – are new highs on the horizon for 2019?
A lot of analysts think so when seeing the total cryptocurrency market capitalization and the major cryptos surging. Obviously, the main point for the future is the $200 billion mark which needs to be established quickly – which will be the case if the positive sentiment continues.
Over the past day, Bitcoin (BTC) has managed to climb 1.5% and contributed to the growth of the crypto market cap. The most dominant cryptocurrency is now closer to its highest price for the past 24 hours at $5,330 – in fact only a few dollars below that.
Ethereum (ETH), on the other hand, is in the coming altcoin news and part of the growing crypto market cap for its return to $175 which is a crucial level for the coin. The ETH chart looks like a mirror of the Bitcoin momentum. Ethereum managed to gain more than 5% since last weekend but the gains have been slow going.
Right now, the top ten coins are contributing to the crypto market cap with small yet important gains. The Asian trading session saw all of the top ten coins in the green, with only Binance Coin (BNB) going massive and reaching a new all-time high at $24.80
All of the signals now are that BTC will retest the 2019 high of $5,400 and many analysts sharing their thoughts on the best cryptocurrency news sites are confident that the resistance will be broken as well.
Bitcoin Cash (BCH) is also up 3.5% as it climbs above $307 – however, the rest of the market made only marginal movements over the past 24 hours. The top twenty sees minimal rises which on a wider scale, ramp up and contribute to the growing crypto market cap.
There are no big dumps occurring today. However, at the bottom of one hundred largest cryptocurrencies, Bitcoin Gold is perhaps one of the losers, dropping 3.
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5%. Right now, the total cryptocurrency market cap is $180.5 billion and is heading for the $181 billion mark.
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