The crypto market has shown signs of recovering following massive losses posted on the previous trading day.
The graph below from Coin360.io shows that most of the top twenty cryptocurrencies are posting healthy gains with Binance Coin (BNB), Litecoin (LTC) and EOS catching the eye with double-digit increases within the last 24 hours.
Major cryptocurrency, Bitcoin has seen substantial growth in the light of increased crypto market activity, breaching the $3800 support that it slipped past yesterday and eyeing a place well above $3900 before the end of the day.
The value of BTC at press time was $3876 while its market cap stood tall at $68.1 billion having started the day at roughly $66 billion.
Top altcoin either has impressed in recent times but was among those victimized by yesterday’s poor market performance. Given the new inflow of capital, Ether (ETH) recorded a strong recovery as prices climbed from $127 to $137 at press time.
ETH’s market cap at press time was $14.4 billion.
Ripple has seen a gradual growth rate than the other top five altcoins following today’s increase with a mere 3.6% turned in for traders within the last 24 hours. XRP’s value at press time was $0.0317 while its market cap was $13.1 billion.
EOS has carried out its impressive performance in recent times into the new trading day, with roughly 16% gains today and a healthy 10% posted on the weekly charts. However, only $200 million separates EOS’s total market cap of $3.4 billion from the closest challenger Litecoin (LTC).
The value of EOS at press time was $3.80
Like EOS, Litecoin is among the top ten cryptocurrencies posting double-digit gains on the day. LTC’s value has made a remarkable move from around $45 at the start of the day to just over $50 at press time.
The altcoin, however, is seeing more gains on the weekly (17%) and could slip into the position of the fourth largest cryptocurrency by sustaining the increase.
Among the other top ten coins not covered so far, Binance Coin (BNB) at Tron (TRX) is also seeing significant gains with 9% and 17% respectively. BNB is also recording a 39% increase on the weekly chart following exciting developments at Binance exchange.
Total market cap of all cryptocurrencies at press time — $132.2 billion
BTC dominance — 51.5%