Crypto-Market Update: Bitcoin Back Above $7450; Alts BCH, ETH, DASH Re-Test Yearly Highs


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Crypto-Market Update: Bitcoin Back Above $7450; Alts BCH, ETH, DASH Re-Test Yearly Highs

Bitcoin [BTC] touched a yearly high of $7580 on Coinbase on Sunday 12th May 2019. Moreover, the correction and revival from the yearly-highs also came during the same day.

Bitcoin started climbing again on Monday; the price of Bitcoin at 14: 45 Hours UTC on 13th May 2019 is $7478. The dominance of Bitcoin over the cryptocurrency market is also close to 60% at 59.4%.

The alt-coins also traded in the green on Monday as the total market capitalization of the market broke above $220 billion again on consecutive days. The total Mcap of cryptocurrency markets has added about 100$ billion since the beginning of the year at around $125 billion.

Also Read: Bitcoin [BTC] Breaks $7500: Will the Price Rise Again After the Weekend Frenzy?

Total Mcap
Total Market Capitalization of Cryptocurrency Market YTD (CoinMarketCap)

Ethereum [ETH], Bitcoin Cash [BCH] and Litecoin [LTC]

While the momentary high of Ehereum recorded on 12 May 2019 is above $205, the trading candlesticks realized at $192-195 range. Ethereum is again testing the same levels. The price of Ethereum at 14: 20 Hours UTC on 13th May 2019 is $194.40. Moreover, the total market capitalization of Ether [ETH] broke above $20 billion as well.

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

Similarly, Bitcoin Cash [BCH] also traded in the yearly high range above $350 dollars as the positive momentum continued in the market. The price of BCH at 14: 30 Hours UTC on 13th May 2019 is $365.14. It is trading 3.54% higher on a daily scale.

BCHUSD Coingape
BCH/USD 1-Day Chart on Coinbase (TradingView)

Litecoin [LTC] also traded in the green, however, at lower percentage gains compared to Ethereum and Bitcoin Cash [BCH]. The total market capitalization of BCH was also about $1.5 billion higher than LTC. The price of Litecoin [LTC] at 15: 00 Hours UTC on 13th May 2019 is $88.58.

Binance [BNB] and Dash Record Double Digits Daily Gains

Binance [BNB] Coin which was down last week after the 7000 Binance hacks on 7th May 2019, broke above other currencies as it gained 11.77% on a daily scale. It is currently testing $23.34 dollars again.

Dash also rose almost equivalent to BNB as it traded 10% higher at $133.39. The year-to-date (YTD) high of Dash price is $140. However, the resistance range on the upside is near $135.

DASHUSD
DASH/USD 1-Day Chart on Kraken (TradingView)

Most of the other altcoins also traded in the green with gains around 5%. XRP traded above $0.32, while EOS and Tron also gained considerably over the weekend. The price of EOS and Tron [TRX] at 14: 40 Hours UTC on 13th May is $5.53 and $0.025 respectively.

Do you think that the Bitcoin and altcoin markets have further steam left? Please share your analysis with us. 

Summary
Crypto-Market Update: Bitcoin Back Above $7450; Alts BCH, ETH, DASH Re-Test Yearly Highs
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Crypto-Market Update: Bitcoin Back Above $7450; Alts BCH, ETH, DASH Re-Test Yearly Highs
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Bitcoin [BTC] touched a yearly high of $7580 on Coinbase on Sunday 12th May 2019. Moreover, the correction and revival from the yearly-highs also came during the same day. The price of Bitcoin at 14: 45 Hours UTC on 13th May 2019 is $7478. The dominance of Bitcoin over the cryptocurrency market is also close to 60% at 59.4%.
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CoinGape
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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.
Author: Nivesh Rustgi

Nivesh from Engineering Background is a full-time Crypto Journalist 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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Nivesh Rustgi 449 Articles

Nivesh from Engineering Background is a full-time Crypto Journalist 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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