Bitcoin [BTC] is experiencing smooth sailing in the $9000 range as it registered yet another yearly high at $9800. The price of Bitcoin [BTC] at 3: 30 hours UTC on 21st June 2019 is $9707. It is trading 4.17% higher on a 24-hour scale.
The altcoin ‘holders’ seems to be feeling the pressure of Bitcoins rise, as they continued to lose value w.r.t. BTC. The dominance of Bitcoin also increased to 58% with a total market capitalization of $172 billion.
Ethereum [ETH], Bitcoin Cash [BCH] and Litecoin [LTC]
Ethereum [ETH] was one of the highest gainers among altcoins as it rode along with BTC momentum. The price of Ether [ETH] at 3: 20 Hours UTC on 21st June 2019 is $280. It is trading 3.6% higher on a daily scale.
The gains on Bitcoin Cash [BCH] and Litecoin [LTC] were 1.9% and 0.5% respectively. Bitcoin Cash [BCH] is testing resistance at $425, while LTC bulls seem exhausted from the halving speculation rise. Moreover, Litecoin [LTC] is trading about 20% since the beginning of the month.
The sentiments were similarly scattered around all other altcoins.
Binance [BNB] Coin Breached New All-Time High, Again
There seems to be no-stopping for Binance [BNB] Coin as well. The Exchange backed token breached $38 on 20th June 2019 registering a 500% gain since the beginning of the year. Its rise has been unprecedented; fueled by the growth of the cryptocurrency markets and the popularity of Binance.
The price of Binance [BNB] Coin at hours 3: 00 UTC on 21st May 2019 is $36.9. It is trading 4.8% higher on a daily scale.
XRP and EOS Trade Almost At Par with USD
XRP lost significant value in terms of Bitcoin [BTC] as it is looking to break bellow 0.000045 BTC support. XRP recently added to its utility by establishing a partnership with MoneyGram. However, the price hasn’t been able to reach above $0.44.
EOS, Cardano, and Tron almost traded at par with their US dollar price. Furthermore, Bitcoin [BTC] is skirting very close to the $10,000 mark. The apprehensions of breaking the benchmark again after more than 18 months are massive. Hence, the attention towards Bitcoin [BTC] is higher than other altcoins at the moment.
Do you think that Bitcoin [BTC] gain with outperform altcoins this time around? Please share your views with us.