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.
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.
Bitcoin 24-hour price chart.
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.
