Crypto-Market Update: Bitcoin [BTC] Skirts Below $8000, LTC Overtakes BCH, XRP Holds $0.4

By Nivesh Rustgi
Published June 7, 2019 Updated June 7, 2019
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Crypto-Market Update: Bitcoin [BTC] Skirts Below $8000, LTC Overtakes BCH, XRP Holds $0.4

By Nivesh Rustgi
Published June 7, 2019 Updated June 7, 2019

Bitcoin [BTC] bulls and bears have engaged themselves in a stiff competition. The price has fallen below $7500 a couple of times; however, it rose back up to lest $8000 level every time. Currently, Bitcoin is holding onto near $7950.

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

The price of Bitcoin [BTC] at 15: 00 hours UTC on 7th June 2019 is $7979. It is trading 3.32% higher on a daily scale.

Also Read: Bitcoin [BTC] Price Analysis: Rebound From Key Support Imminent

The dominance of Bitcoin [BTC] is intact above the 55% range. The total market capitalization of cryptocurrencies also gained over $5 billion as the total Mcap at the time of writing was $255.9 billion.

Litecoin [LTC] Overtakes Bitcoin Cash [BCH]

Litecoin [LTC] placed Bitcoin Cash [BCH] to take the fourth spot according to total market capitalization. Litecoin recorded 11.55% on a daily scale. The price of Litecoin [LTC] at 12.32% hours UTC on 7th June 2019 is $115.

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

Bitcoin Cash [BCH] and Ethereum [ETH] also traded in the green on a daily scale; the price still near support at $400 and $250 respectively.

XRP Holds Bullish Momentum

XRP traded in a bullish range as it held its gains above $0.4. The price of XRP at 15: 00 hours UTC on 7th May 2019 is $0.42.

Also Read: Brandt Predicts Bullish Litecoin [LTC] and XRP, but Greenspan Suspects Pump and Dump on XRP

XRP/USD 4-Hour Chart on Bitstamp (TradingView)

Stellar [XLM] also gained over 2% on Bitcoin [BTC] to breach the 0.00016 BTC mark. The price of XLM is $0.125.

Almost all the altcoins other altcoins traded in the green, the confidence in the market strengthened as well after the Bitcoin [BTC] reached $8000 mark. EOS [BNB] and Binance Coin [BNB] held their position in the top ten cryptocurrencies by market capitalization with the price of around $6.5 and 31$ respectively.

Do you think that the market will continue its bullish momentum or further pullback is on the cards? Please share your views with us. 

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)

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