Crypto Bulls Return To Put Smile on Faces

xrp dethrones ethereum

The crypto markets are looking healthy, greenish, and ready to soar within the last ten hours leading up to press time.

After spending the earlier part of the week between $6200-6300, Bitcoin has finally stepped out of the mud. A $6444 price at the time of writing is clearly among the best numbers seen by traders within the last few days.

BTC dominance is pegged at 57% while the total volume in USD stands at 111 billion

Ethereum on Board for the Crypto Market Rebound

Following the market plunge around this time last week, Ethereum, the second most valuable coin by market cap recorded a rapid decline. The coin has traded even below $170 for the first time in a long time.

However, a return of the bulls (with confidence) has turned ETH’s fortune around. Aside from being the second highest gainer among the top ten coins with over 11% on the day, ETH also looks firmly in position to surpass $200 before the day’s market activity rounds up.

On a sad little note, Tether, a stablecoin pegged at the dollar price – is the only coin within the top ten that is recording losses 0.76% (insignificant) on the day.

Ethereum (ETH), Monero (XRM), Stellar (XLM), and Litecoin (LTC) has also gained within the 9-11% range while EOS, BCH, XRP, and ADA has 3-7% gains.

The total volume of all cryptocurrencies is heading close to the $200 billion mark, valued at $196 billion at the time of writing.

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