Most Cryptocurrencies in the Green as Bitcoin Price Hits $10,400

The Bitcoin price is showing impressive price movement, after trading close to $9,700 for most of the day. At press time the number one cryptocurrency is trading at $10,401, up 6.63% on the day.

Monday, Sept. 2 – Markets are bouncing back and showing upward price movement, after trading sideways for the better part of the day.

Bitcoin 24-hour price chart. 

Cointelegraph reported earlier that Bitcoin is attempting to bounce from the trendline of the symmetrical triangle, and if the BTC/U.S. dollar pair picks up momentum above the moving averages and breaks out of the downtrend line, it can result in a retest of the yearly highs at $13,973.50.

The most popular altcoin Ether (ETH) is picking up momentum as well and is trading at $178.53, up more than 4.5% on the day.

Ether 24-hour price chart.

Like most cryptocurrencies, Ripple’s XRP token has been trading steadily throughout the week, and is now showing a gain of just over 2%. At press time the coin is trading at $0.260.

XRP has been a major underperformer among major cryptocurrencies in 2019. One of the most likely reasons for the underperformance is the consistent selling of XRP tokens by its founders.

XRP 7-day price chart. 

Major losers and gainers among top-20 altcoins

Among the top-20 cryptocurrencies by market capitalization, Ethereum Classic (ETC) has seen impressive gains, up over 8% to trade at $6.72 at press time. Binance Coin (BNB) is the second-best performer in the top-20 altcoins, showing gains of more than 5.6% to trade at $22.90.

Both Bitcoin Cash (BCH) and Bitcoin SV (BSV) are showing gains of more than 4% and are trading at $295 and $135 respectively.

At press time, Litecoin (LTC) is showing the smallest gains on the day, up only 1.33%.

The overall cryptocurrency market capitalization is back over $265 billion, with BTC’s share accounting for 70.1% of the total.

Spread the love
FacebookTwitterLinkedinRedditMixWhatsappWordPressTelegramVkontakte
Share

Recent Posts

Ethereum’s One Month Correlation with BTC Drops to 68% as $3k Beckons
  • Ethereum News 2

Ethereum’s One Month Correlation with BTC Drops to 68% as $3k Beckons

$3k Possible for Ethereum in the Month of May. Ethereum’s ongoing…

Ethereum 2.0 Deposit Contract Now Holds 4M ETH Worth $10.8B
  • Ethereum News 2

Ethereum 2.0 Deposit Contract Now Holds 4M ETH Worth $10.8B

Ethereum Aims for new ATHs as Options and Futures Expire…

Tesla sold 10 percent of its bitcoins. Cause of concern for cryptocurrency investors?
  • News coin 2

Tesla sold 10 percent of its bitcoins. Cause of concern for cryptocurrency investors?

Tesla released its first quarter 2021 earnings earlier this week.…

Gemini Exchange to Issue Its Own Credit Card for Cryptocurrency Cashbacks
  • News coin 2

Gemini Exchange to Issue Its Own Credit Card for Cryptocurrency Cashbacks

Users of the large cryptocurrency exchange Gemini will soon get…

Iranian government will use mined cryptocurrency to fight economic sanctions
  • News coin 2

Iranian government will use mined cryptocurrency to fight economic sanctions

Iran continues to explore the potential use of cryptocurrencies as…

Ethereum’s Recent High Fees Pushed More USDT to Tron
  • Ethereum 2019 News

Ethereum’s Recent High Fees Pushed More USDT to Tron

Tether’s Market Cap Hits $50 Billion. Mr. Ardoino’s comments were in…