Bitcoin Winning Streak Climbs $7,375 while XMR, XEM, & OMG Shoot up in Double-Digits

Published September 4, 2018 | Updated September 4, 2018


Bitcoin Winning Streak Climbs $7,375 while XMR, XEM, & OMG Shoot up in Double-Digits

Bitcoin is on a winning streak as it keeps on rising, touching today’s highest at $7,410. Meanwhile, a number of altcoins viz. Monero, NEM, and OmiseGo become the double-digits gainers along with a few others.

Bitcoin on a strong momentum, hikes consistently

Since mid-August Bitcoin has been managing to rise continuously despite constant ups and downs. After hitting $5,917 on August 14, Bitcoin only advanced upwards. At press time, Bitcoin has been trading at $7,375 with a daily trading volume of $3.9 billion. Today, it moved between the range of $7,246 and $7,410.


From here, Bitcoin will find the resistance at $7,400 and then further at $7,600 while $7,100 is the support line. Furthermore, Bitcoin is managing a higher low. However, the low trading volume does put a strain but if the support holds, the bulls will be in for a strong momentum.

Altcoins are also moving in tandem with Bitcoin that has the BTC dominance on 53 percent. But if we take a look at the volatility of Bitcoin, it is only decreasing. Since June 30, when Bitcoin hit its lowest of the year at $5,765, the leading cryptocurrency price has remained above $6,000. The last time Bitcoin hit the June-low has been in mid-November.

As pointed by a crypto trader in his Tweet as well:



Also, read: Stability of Fiat Challenged Again as Bitcoin Outperforms 3 National Currencies Despite a Decline

Meanwhile, cryptos making double-digit gains

Cryptocurrencies are also enjoying the gains. Among the top ten coins, Ethereum (ETH) and XRP are the only ones in the red by 0.04% and 0.23% respectively while Monero (XLM) and Litecoin are leading with highest gains.

Going for the double-digit gainers:

Monero [XMR]

At 10th rank, privacy coin Monero is up by 14.42% at $139 while managing the daily trading volume of $71.8 million. Recently, Abra Global launched the European bank purchases of 25+ cryptos including Monero across 28 countries.



Up by 13.89%, XEM is currently exchanging hands at $0.126 and is at 16th rank with the 24-hour volume of $26 million. NEM recently shared the news of Verses, setting up blockchain-based property rights in augmented reality and Vantage Network migration from Ethereum to NEM network.


OmiseGo [OMG]

At $4.77, OMG has risen by 11.81% while being at 21st position. It is also running in the green that too in double digits in the BTC and ETH market. Having a market cap of $669,534,978 USD, OmiseGo’s 24-hour trading volume is $39,924,504 USD.


A few worth mentions are Waltonchain (WAN) up by 11.60%, Stratis (STRAT) hiking at 12.56%, and Komodo (KMD) has taken a substantial jump of over 19%.

Exclusive addition:

BitcoinDark (BTCD) is today’s leading cryptocurrency in terms of profit as it is rising about 262% climinging $75.18. With a circulating supply of 1,288,862 BTCD, it’s market cap is about $96.8 million with a mere $824,537 trading volume.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Anjali Tyagi 440 Articles
Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.
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