Cryptocurrency market update: Bitcoin hovers under $8,800, altcoins mooning
Crypto News

Cryptocurrency market update: Bitcoin hovers under $8,800, altcoins mooning

  • BTC/USD is range-bound on Tuesday after a strong rally during the weekend.
  • Altcoins are growing actively with EOS growing 14% in recent 24 hours.

Cryptocurrency market retains a positive stance on Tuesday as traders and investors consolidate gains after a strong rally on the weekend. The total capitalization of all digital assets in circulation crept to $273 billion from $269 this time on Monday, while an average daily trading volume increased to $94 billion by the time of writing.

Top-3 coins price overview

  • Bitcoin stays under $8,800 handle, mostly unchanged both since the beginning of the day and from this time on Monday.  The largest digital asset has been range-bound after a strong rally to $8,944, which is the highest level of 2019.  
  • Ethereum, the second largest digital asset with the current market capitalization of $28.8 billion, is trading at $272, having gained 1.6% in the recent 24 hours. The coin touched $275.34 during early Asian hours but failed to keep the ground.
  • Ripple’s XRP is far more successful this time. The third largest coin hit $0.44 before retracing towards $0.4350 by press time.  XRP/USD has gained over 4% in recent 24 hours and stayed unchanged since the Asian opening on Tuesday.

The biggest market-movers

  • EOS is the growth leader today, with over 14% of day-on-day gains. The coin takes the 5th place in the global cryptocurrency market rating with the current market capitalization of $7.2 billion. At the time of writing, EOS/USD is changing hands at $7.92.  
  • Bitcoin SV (BSV) is also a strong performer with 13.7% of gains in recent 24 hours One BSV gores for $121.6 at the time of writing
  • TRON (TRX) takes the third place with 12% of gains. The 10th largest cryptocurrency is changing hands at $0.0355 following a healthy growth on Monday.  

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