How Did the Fab Five Finish?
Since the previous day, the five most-watched cryptos (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple) provided their holders with a return of 2.67%. The best performer of the bunch was Bitcoin Cash, wh...
How Did the Fab Five Finish?
Since the previous day, the five most-watched cryptos (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple) provided their holders with a return of 2.67%. The best performer of the bunch was Bitcoin Cash, which went up 3.89% and currently is sitting near $330.37 USD. As for the worst-performing crypto out of the Big Five, yesterday that was Ethereum; it came in at up 1.59%, which drove its price to around $213.15 USD. In total, all five coins were up from the day prior, which is nice for those bullish on cryptocurrencies.
Key Technical Moves
It should be noted that the price behaviour of XRP and Bitcoin Cash was especially curious, as their moves yesterday were much larger than their respective normal daily trading ranges. Traders may also wish to bear in mind the following events going on regarding current price patterns:
- If coins without a clear trend are your thing, consider Litecoin, XRP and Bitcoin Cash. Those have not been in any clear trend over the past 14 days, and thus might be of interest to rangebound traders.
- Bitcoin is in a clear downtrend on a two-week timeframe. This could an interesting opportunity for short-sellers.
Insights From Transaction Data
Ripple had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 65% more transactions recorded than Ethereum, which was the runner up for the day in terms of transactions recorded. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple. The largest transaction in the cryptocurrency space yesterday, coming in at a value of $108,005,872 occurred on Bitcoin’s chain. Bitcoin continues to dominate the crypto market, with the total circulating value of its currency equal to approximately $174.06 billion US dollars. That’s about 64.33% of the value of all circulating cryptocurrencies. Note that Bitcoin’s dominance level has been in a downtrend, going between 64.12% to 65.77% over the past two weeks.
Article by SixJupiter
The post Bitcoin Cash bests major cryptos for the day, climbing up in price appeared first on Coin Insider.
source https://www.tokentalk.co/CoinInsider/bitcoin-cash-bests-major-cryptos-for-the-day-climbing-up-in-price-5d4175a1d56d6edc2d14937e
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