CRYPTO-DAILY THE NUMBERS: MARKET RECOVERS CROSSED THE $140BILLION MARK, NEW ALL-TIME HIGH IN SIGHT#0031

in #investing7 years ago

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Market Overview.

The Market recovered from the previous day's dip to rise 5.48% gaining $7.37Billion to close (GMT+9) at $141.943Billion while volume traded was $4.730Billion a 15.23% drop from the previous day. The market's recovery shows the bulls are in charge despite a drop in volume, this indicates an ease of sell pressure. Can the Bulls sustain this growth, should we expect an all-time high soon?. A total of 851 cryptocurrencies, 212 Assets, and 5,109 market pairs were traded. Bitcoin's market dominance increased insignificantly by 0.3% to 50.4% of the total market cap.

TOP 10 BY MARKET CAP (BILLIONAIRE'S BOARD)

RANKCOIN/ASSETMARKET CAP (BILLION$)%CHANGE
1BITCOIN BTC71.4396.05
2ETHEREUM ETH28.6946.10
3RIPPLE XRP6.1083.04
4BITCOIN CASH4.9111.15
5IOTA IOTA2.93715.09
6LITECOIN LTC2.3223.02
7NEM XEM2.304-1.75
8NEO ANS2.172-8.12
9DASH DASH1.83920.43
10ETHEREUM CLASSIC ETC1.3424.68
-TOTAL124.0685.58
-OTHERS17.8754.80

DASH was our biggest gainer with a 20.43% growth and 135% growth in volume still retained No.9 spot, while LTC and NEO swapped spots as LTC moved up two spots to No.6. Bitcoin gained 6.05% performing better than the market, also dominated controlling 50.4% and another 44.52% of total market volume. While on the reverse NEO recorded the biggest loss of 8.12% as the rest of the board retained their spots. The top Ten cryptos combined market cap rose by 5.58% to close at $124.06Billion controlling 87.41% of the total market capitalization, while the remaining cryptos market cap grew by 4.80% to close at $17.875Billion.

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TOP 10 BY VOLUME TRADED

RANKCOIN/ASSET24HR VOL (M$)%CHANGEDOM PAIR
1BITCOIN BTC2,105.84-25.55BTC/USD
2ETHEREUM ETH922.84-1.30ETH/KRW
3OMISEGO205.2397.95OMG/BTC
4NEO ANS141.68-37.99NEO/BTC
5TETHER USDT121.48-38.65BTC/USDT
6LITECOIN LTC111.84-22.38LTC/CNY
7BITCOIN CASH BCH101.92-15.92BCH/BTC
8RIPPLE XRP86.45-13.26XRP/KRW
9DASH DASH84.42135.55DASH/BTC
10ETHEREUM CLASSIC ETC64.8180.33ETC/CNY
-TOTAL3,946.51-17.61
-OTHERS783.49-7.76

DASH our biggest gainer and ETC returned to the board evicting IOTA and QTUM to claim spots No.9 and 10 respectively, while OMG moved up four spots to No.3 spot sending NEO, USDT, LTC and BCH down one spot each to No.4, 5, 6 and 7 spots consecutively. Our dominant pairs show a 60% CRYPTO/FIAT pairing, while BTC/USD dominated Bitcoin as it recorded negative growth in volume. Combined volume was $3.946Billion a 17.61% drop, and an impressive 83.44% of total volume traded, while the remaining cryptos traded $783Million losing 7.76% of investors attention.

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NEWS

Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork-CoinDesk

How Can Users Securely Withdraw and Store Bitcoin Cash -CoinTelegraph

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SOURCE:CoinMarketCap
SEE PREVIOUS POST CRYPTO-DAILY THE NUMBERS: BITCOIN FALLS AS MARKET RECORDS $3.3BILLION LOSS#0030
BITSHARES WEEKLY THE NUMBERS AUG WK2#0028

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