Crypto-Market Update: Bitcoin Cruising Toward $10k, BNB ATH at $38, ETH Rises with BTC

By Nivesh Rustgi
Published June 21, 2019 Updated June 21, 2019
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Crypto-Market Update: Bitcoin Cruising Toward $10k, BNB ATH at $38, ETH Rises with BTC

By Nivesh Rustgi
Published June 21, 2019 Updated June 21, 2019

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.

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BTC/USD 1-Day Chart on Bitstamp (TradingView)

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.

Also Read: Facebook’s Blockchain Head, David Marcus, Speaks Up on Libra Vs. Bitcoin [BTC]

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.

ETHUSD
ETH/USD 1-Day Chart on Coinbase (TradingView)

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.

LTCUSD
LTC/USD 1-Day Chart on Bitstamp (TradingView)

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.

BNBUSD coin
BNB/USD 1-Day Chart on TradingView

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.

Also Read: Bitcoin (BTC) Price Analysis: Breaks Winning Streak but Tom Lee Sees BTC at New Highs

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. 

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Disclaimer
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.
About Author
Nivesh Rustgi
1181 Articles
Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com

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