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.
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.
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.
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.
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.
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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