Following a couple of days of inactivity when markets made very little movements in either direction the slow recovery has continued. Market capitalization is creeping back towards $240 billion, its highest level for almost a month.
Bitcoin has made another 1.2% on the day to trade at $7,380 with one big green hourly candle last night. BTC is now at its highest level for over a month and resistance has turned support. Ethereum is still suffering and has fallen back again, another one percent to take it closer to $280. There is very little momentum or positive sentiment in the Ether market at the moment.
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Most altcoins in the top ten are in the green, with the exception of ETH and XRP which are down marginally. The top performer here is Stellar climbing 3.3% to $0.229, the rest have not moved much from yesterday’s levels.
Looking at the top twenty Neo is in the lead with a gain of 3.5% to $24 on the day. Nem is up just over 3% and the rest just a percent or two, with Tron and VeChain falling back slightly. Further down the list Bytecoin is up 9% but many of the rest are in the red.
A massive spike for Bitcoin Diamond has seen it jump 190% to $3.82 in the past two hours. Volume has surged over 550% to almost $60 million from less than $1 million 24 hours ago. BCD price just tipped over $4 making a 200% gain before pulling back slightly.
Binance just reopened deposits and withdrawals for BCD a couple of hours ago which could be driving momentum;
Additionally Bitcoin Diamond’s commerce division, BCD Bazaar, has negotiated partnerships with eight distributors which will be adding over 20,000 products to the platform;
In the top one hundred Dropil and Statis are both enjoying double digit gains of over 18% and 13% respectively. On the flipside are Bitcoin Dark and Holo with double digit losses of over 14% on the day.
Total crypto market capitalization has made less than one percent on the day and is currently at $239 billion. Trade volume has increased slightly to $13 billion and the recovery from mid-August’s yearly low is still slow and steady.
More on Bitcoin Diamond can be found here: http://btcd.io/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
Source: newsbtc.com | Original Link