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Home Blockchain

Most Cryptocurrencies in the Green as Bitcoin Price Hits $10,400

September 3, 2019
in Blockchain
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Most Cryptocurrencies in the Green as Bitcoin Price Hits $10,400
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Monday, Sept. 2 — Markets are bouncing back and showing upward price movement, after trading sideways for the better part of the day.

Most Cryptocurrencies in the Green as Bitcoin Price Hits $10,400, CryptoCoinNewsHub.com

Market visualization. Source: Coin360

The Bitcoin (BTC) price is showing impressive price movement, after trading close to $9,700 for most of the day. At press time the number one cryptocurrency is trading at $10,401, up 6.63% on the day.

Most Cryptocurrencies in the Green as Bitcoin Price Hits $10,400, CryptoCoinNewsHub.com

Bitcoin 24-hour price chart. Source: Coin360

Cointelegraph reported earlier that Bitcoin is attempting to bounce from the trendline of the symmetrical triangle, and if the BTC/U.S. dollar pair picks up momentum above the moving averages and breaks out of the downtrend line, it can result in a retest of the yearly highs at $13,973.50. 

The most popular altcoin Ether (ETH) is picking up momentum as well and is trading at $178.53, up more than 4.5% on the day.

Most Cryptocurrencies in the Green as Bitcoin Price Hits $10,400, CryptoCoinNewsHub.com

Ether 24-hour price chart. Source: Coin360

Like most cryptocurrencies, Ripple’s XRP token has been trading steadily throughout the week, and is now showing a gain of just over 2%. At press time the coin is trading at $0.260.

XRP has been a major underperformer among major cryptocurrencies in 2019. One of the most likely reasons for the underperformance is the consistent selling of XRP tokens by its founders.

Most Cryptocurrencies in the Green as Bitcoin Price Hits $10,400, CryptoCoinNewsHub.com

XRP 7-day price chart. Source: Coin360

Major losers and gainers among top-20 altcoins 

Among the top-20 cryptocurrencies by market capitalization, Ethereum Classic (ETC) has seen impressive gains, up over 8% to trade at $6.72 at press time. Binance Coin (BNB) is the second-best performer in the top-20 altcoins, showing gains of more than 5.6% to trade at $22.90.

RELATED  15 Countries to Develop Crypto Transaction Tracking System: Report

Both Bitcoin Cash (BCH) and Bitcoin SV (BSV) are showing gains of more than 4% and are trading at $295 and $135 respectively.

At press time, Litecoin (LTC) is showing the smallest gains on the day, up only 1.33%.

The overall cryptocurrency market capitalization is back over $265 billion, with BTC’s share accounting for 70.1% of the total.

Keep track of top crypto markets in real time here


Credit: Source link

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