How the Fab Five Fared
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone up 1.1% in aggregate. Leading the way was Bitcoin Cash, whose price is now around $340.1...
How the Fab Five Fared
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone up 1.1% in aggregate. Leading the way was Bitcoin Cash, whose price is now around $340.19 USD, which yielded holders a return of 3.72% from the day prior. In terms of the worst performer, that would be Litecoin, which reported a day-over-day return of -2.78% — a move that puts its price around $95.31 USD. In total, three coins were up from the day prior, which is a mixed sign for the crypto sector.
Key Technical Moves
The move in Ethereum was especially surprising; it was much larger than the normal daily trading range associated with the currency. Also of note for technical traders are the following developments in price action:
- If coins without a clear trend are your thing, consider XRP, Litecoin, Bitcoin, and Ethereum. Those have not been in any clear trend over the past 14 days, and thus might be of interest to rangebound traders.
What Does Transaction Data Tell Us?
Ripple recorded 1,083,619 transactions on its blockchain over the past 24 hours; that’s the best of the bunch, and about 23% over Ethereum, which had the second-most transactions recorded on its chain. Ripple’s transaction fee is less than Ethereum’s transaction fee; in and of itself, this may imply 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 $52,287,652 occurred on Bitcoin’s chain. The circulating value of all Bitcoins now comes in at approximately $192.7 billion US dollars — which means Bitcoin accounts for about 66.15% of the entire cryptocurrency market. To put that in perspective, we should note that over the past two weeks Bitcoin’s dominance percentage has been in an unclear trend, ranging between 64.12% to 66.15%.
Article by SixJupiter
The post Bitcoin’s dominance crosses 66% and reaches a two week high appeared first on Coin Insider.
source https://www.tokentalk.co/CoinInsider/bitcoins-dominance-crosses-66-and-reaches-a-two-week-high-5d459901f4c85eab76fc98c0
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