18.06.2021

Bitcoin Price Continues to Eye $11K as Most Altcoins See Minor Gains

Bitcoin continues to show impressive price movement after trading close to $10,300 for the better part of the day. At publishing time, the No. 1 cryptocurrency is trading at $10,718 – up 2.9% on the day, according to data from Coin360.

Tuesday, Sept. 3 – Bitcoin continues to eye $11,000, with most altcoins registering minor gains on the day.

Bitcoins 24-hour price chart

Bullish sentiments towards BTC seem to have won out once again as Bitcoin dominance hit 70.5%. Cointelegraph reported at the beginning of August that crypto perma-bull and former Wall Street trader Max Keiser had claimed Bitcoin dominance is heading towards 80% and that altcoins are dying – and will “never come back.”

The No. 1 altcoin, Ether (ETH), is showing a minor uptick of 1% and currently trading at $181 per coin.

Ether’s 24-hour price chart

Ripple’s XRP token continues to trade steadily and is showing minor gains of 0.1%. At publishing time, the world’s third-most popular coin is trading at $0.263.

Cointelegraph reported on Sept. 3 that, according to Whale Alert, a live tracker for cryptocurrency transactions, Ripple had moved 500 million of its native XRP tokens (worth about $130.1 million at publishing time) from its escrow wallet.

XRP’s seven-day price chart

Major losers and gainers among top 20 altcoins

Among the top 20 cryptocurrencies by market capitalization, Huobi Token (HT) is showing the biggest gains on the day – up more than 4% to trade at $4.11 at publishing time. Bitcoin Cash (BCH) is the second-best performer in the top 20 altcoins, showing gains of just under 4% to trade at $304 per coin.

The worst-performing top 20 altcoin is Tezos (XTZ) with a loss of 4% on the day. One Tezos is now being traded at $1 per coin.

Overall cryptocurrency market capitalization currently sits at $271 billion, with BTC’s share accounting for 70.5% of the total.

Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Also See Red

Sunday, Jan. 19 – most of the top 20 cryptocurrencies are reporting severe losses on the day by press time as well as Bitcoin which now hovers just under the $8,600 mark falling from today’s high of nearly $9,200, making it a 7.32% loss.

Bitcoin price is currently down by 3.08% on the day, trading at around $8,636 at press time, according to Coin360. Looking at its weekly chart, the coin is still up by about 6.42%. Bitcoin’s price movement has seen the price decrease by $514 in around 5 minutes.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $18 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $10 billion at press time.

Coin360 data shows that ETH has seen its value decrease by about 3.41% over the last 24 hours and 7.3% since the highs of today. At press time, ETH is trading around $164. On the week, the coin has also gained about 14.68% of its value.

XRP is down by about 3.43% over the last 24 hours and down 8.36% from today’s hight. The coin is currently trading at around $0.23. On the week, the coin is up about 7.98%.

Among the top 20 cryptocurrencies, the ones reporting two-digit losses for 24 hours are DASH, which is down by 15.6%, Ethereum Classic (ETC), which lost 12.85% of its value, Bitcoin SV (BSV), which lost 10.8%, and lastly Bitcoin Cash (BCH) which lost 11.24%.

At press time, the total market capitalization of all cryptocurrencies is $235.5 billion, about 8.5% higher than the value it reported a week ago. Since today’s high, the total market cap is down by 5.91%.

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