Tether reaches 4th position as top cryptocurrency as the market cap drops to $200 billion after the bulls were not able to defend the new region and brought the price back to $7,230 during the early hours of today as we are reading in the Tether coin news.
Last week was really impressive for Bitcoin since it made a bullish reversal from the low of $6,750 to $7,800 in just two days. However, Bitcoin got down about 1.29 percent on the day and is now trading at $7,316 at the time of writing. The overall altcoin market is in a state of confusion as some cryptocurrencies recorded slight gains and others are doing poorly.
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For example, Ethereum (ETH) is up by 0.20 percent and is trading at $148 while XRP despite the listing on Japan’s biggest exchange, recorded losses of about 1.14 percent and is trading at $0.218.
Tether reaches the fourth position and it is still the most popular and widely used stablecoin which is a sign that the altcoins are in a bit of struggle as they lose their positions against the stablecoins and the market cap of which is only increased when tether launches new USDT coins. The total market cap is around $198 billion while Bitcoin’s market cap is $132 billion.
Some of the other gainers and losers on the market include Ebakus which is in the green zone today with a massive gain over the past 24 hours. The cryptocurrency started the trading session with a price above the $0.007200 region and is now trading at $0.031521 which gave the traders a remarkable 340 profit on the day. EBK has a market cap of $2,846,200 and a daily trading volume of $190,944.
Blockium is another one of the gainers on the market with an 84 percent profit on the day making it the second significant gainer over the past 24 hours. BOK is the native token of the Blockium token which is a project that describes itself as a unique P2P financial gamification platform for stocks and crypto traders. Fusion, on the other hand, lost more than 50 percent of its value in the past 24 hours and the token has been on a downtrend for the past week reaching a current price of $0.2.
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