Crypto market watch: BTC above $4100 as recent rally continues

Bitcoin and the rest of the crypto market have continued the bullish outlook in recent times, leading to a belief that the bears have finally been defeated.

Although the crypto market rarely records a bullish performance during the weekend, the current prices have defiled those odds with roughly $6 billion pumped in within the last 24 hours.

BTC/USD

After struggling to consolidate above $4000 after the midweek rally, Bitcoin has made its way past that mark thanks to today’s impressive market performance.

At press time, the value of the major cryptocurrency was $4127 with a $4200 consolidation target very likely within the next few days.

ETH/USD

ETH has no doubt staked its claim as the major altcoin, with over 25% gains in the last seven days.  Ethereum has since then dethroned XRP in second place and today finally surged past the $150 resistance. At press time, ETH was exchanging hands at $157 while it’s market cap was $16.54 billion.

XRP/USD

Among the top five cryptocurrencies, XRP is seeing the least gains with just over 2% despite the massive influx of prices.

However,  XRP’s price has impressed since the turn of the week, moving from less than $0.3 to $0.332 at press time. The altcoin’s market cap was $13.67 billion.

EOS/USD

Despite Ether’s recent resurgence, the altcoin has found a rival in EOS in terms of gains within the past week and today’s market activity.

The cryptocurrency has gained over 6% on the daily trading chart and a whopping 45% in the last seven days. EOS market cap at press time was $3.75 billion while it was exchanging hands at $4.14.

LTC/USD

Litecoin led the upward movement in the crypto market last week and even though the level of increase in the altcoin’s value has dropped off since then, it is still seeing as much as 4% gains on the daily trading charts with a market cap of $3.12 billion.

LTC had a value of $51.5 at the time of writing this report.

Total Crypto Market Cap — $140.6 billion

BTC Market Cap — $51.7 billion