Crypto Market Wrap: Altcoins Get Eaten as Bitcoin Cranks Higher

Crypto markets remain sideways; Only Bitcoin has moved, XLM and BNB dropping, Monero rising slowly.
Market Wrap
Crypto markets have inched backup a little today as Bitcoin makes another push towards resistance in the mid $9.5ks. BTC is still clearly in the driving seat and altcoin gains are marginal in comparison. Total market capitalization is back above $285 billion and heading towards a new 2019 high.
Following a day or two of consolidation Bitcoin broke out again in a one hour spike sending it to an intraday high of $9,350. Since then gains have held as BTC hovers around its highest price for over a year. A huge wall of resistance lies just above this level so further consolidation here is likely for the coming days.
Ethereum has done nothing again, not even getting a gain off Bitcoin’s 2 percent pump. ETH remains stagnant below $270 and further losses appear imminent. There is still support at $260 which is holding but there has been very little momentum for Ethereum all week.
Altcoin Outlook
The crypto top ten has done very little over the past 24 hours with most coins moving less than a percent in either direction. The biggest movement has come from Stellar dropping another 2 percent and looking extremely weak. BNB is also down by a similar amount.
Very little is going on in the top twenty during Asian trading today. Monero is the only altcoin gaining as it makes 3 percent to top $100. Losing 3 percent are Cosmos and NEO. Tezos has now dropped out of the top twenty dumping another 4 percent today.
FOMO: MaidSafeCoin Making It
There are no major pumps going on at the moment but the top performing altcoin in the top one hundred is MAID getting 13 percent. Nothing much is driving it aside from the usual anti Facebook rhetoric that everyone in crypto already knows.

6/ Remember Cambridge Analytica! You can’t trust #Facebook with your data, why trust them with your money…
— MaidSafe (@maidsafe) June 19, 2019

Egretia is the second best performer grabbing 8 percent today. Getting dumped is yesterday’s fake pump, Insight Chain, as INB drops 12 percent. Ardor is also falling back hard with a 7 percent loss on the day.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has increased by $2 billion or so on the day. This is pretty much all Bitcoin as the daddy drives markets to $288 billion. BTC dominance is still over 57 percent as the altcoins remain asleep for now.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: All Eyes On Bitcoin as Altcoins Consolidate

Crypto markets consolidating today; Bitcoin takes a breath, LTC back up,  XRP, EOS and Tezos retreating.
Market Wrap
Crypto markets have remained in consolidation for the past 24 hours. Very little movement has occurred on most of the majors as Bitcoin shows no direction at the moment. Total market capitalization remains around $285 billion this Wednesday morning.
Bitcoin peaked at $9,250 yesterday but failed to hold that level, sliding just below $9k three times in the past 12 hours. It did recover back above it every time though and is currently sitting at $9,150. With heavy resistance above $9.5k and a new support zone at $8.7k BTC could consolidate here for a while.
Ethereum is still stagnant, dropping back below $270 again in a downside correction. The next key support level is $260 and a fall through this could lead to larger losses for ETH. Without any clear fundamentals it is hard to see where else it can go in the short term.
Altcoin Outlook
Red dominates the top ten during today’s Asian trading session. XRP could not hold on to its gains despite the big partnership announcement and has fallen back over 3 percent to $0.43. Bitcoin Cash, EOS and Stellar are shedding a similar amount as altcoins remain weak. Only Litecoin and Binance Coin are in the green, but only just as these two continue to hold strong.
The top twenty outlook is also mixed but most crypto assets remain flat for another day. Ethereum Classic and Tezos are the only two that have really moved in the past 24 hours and both are falling back. Zcash is making a comeback and is about to flip NEM for that 20th spot as ZEC grabs 8 percent on the day.
FOMO: Insight Chain Cranks
The pump of the day has gone to INB which has spiked 85 percent to reach $0.34. There does not appear to be anything obvious fundamentally driving this EOS based blockchain project. Nearly all of the volume is on one exchange, Livecoin, indicating that the pump is probably manipulated.
Ardor is doing well today with a climb of 26 percent and privacy based Zcoin is third with a 16 percent gain on the day. At the red end of the top one hundred is Aurora which probably isn’t worth mentioning any more. Zilliqa and Chainlink are also dumping over 7 percent each.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has not really changed much over the past day. It is back to yesterday’s level of $284 billion with a daily volume of $54 billion which has fallen significantly this week. Altcoins are still largely frozen as Bitcoin continues to dominate, still commanding over 57 percent of the market.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: Bitcoin Still Dominating as Weekend Gains Hold

Crypto markets holding on to weekend gains; Bitcoin still dominating, XRP moving up, ETH retreating slowly.
Market Wrap
Crypto markets have held on to weekend gains and there has been no typical ‘Red Monday’ reaction so far. Bitcoin’s surge to new 2019 highs has buoyed up markets and several altcoins have also gained. A number have fallen however, but in general total market capitalization is high and holding above $280 billion.
Bitcoin traded above $9,300 twice yesterday marking a new high for thirteen months. A pullback dropped BTC price back to high $8,000s but it quickly recovered during Asian trading today to reach $9,200 again at the time of writing. Technical indicators and historical highs show a lot of resistance at $9,600 which will need to be broken for BTC to hit five figures.
Ethereum got a weekend boost reaching $278 but it has not been able to follow Bitcoin and hold those gains. ETH is down 2 percent since yesterday dropping prices back below $270. The longer term trend for ETH is still up though so more momentum could take it to $280 this week.
The top ten is pretty mixed during Asian trading on Monday morning. XRP is showing a little progress with a further 2 percent added taking it to $0.429. Litecoin has remained flat following its epic rise last week and is still at $135 and the rest are level with yesterday’s prices.
Top twenty movements are also mixed with Cosmos and Tezos getting the best performance adding over 4 percent each to reach $6.54 and $1.33 respectively. NEO has added almost 3 percent and NEM is back in the big twenty with a 5 percent gain. As above, the rest are pretty flat this morning.
FOMO: A Smiles For Grin
Entering the crypto top one hundred with a 12 percent push is Grin, a private lightweight blockchain based on mimblewimble. The only thing that could be driving momentum is an approaching hard fork next month. Bytom is the only other double digit altcoin today with 11 percent added, BitTorrent token is third gaining over 8 percent.
There are no big dumps going on as markets remain flat on the day. At the bottom of the pile right now is Dent, MaidSafeCoin, and KuCoin Shares dropping 5-6 percent.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization is at $284 billion, holding gains but remaining flat over the past 24 hours. Since last Monday crypto markets have gained a solid 16 percent, driven largely by Bitcoin. Over the same period daily volume has jumped from $60 to $75 billion. Bitcoin dominance is also up to 57.3 percent as it continues to eat into lack luster altcoins.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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$10 Billion Flows Back into Crypto Markets Despite Binance FUD

Crypto markets surge $10 billion on Saturday; Bitcoin leading, Litecoin, EOS, XMR and NEO following, BNB sliding. 
Market Wrap
Despite a lot of FUD emanating from the US and their flailing relationship with crypto exchanges, markets have actually gained over the past 24 hours. Over $10 billion has flowed back into crypto assets as Bitcoin broke through resistance and pulled the rest of the market back up with it. Total capitalization is back over $270 billion again as we enter the weekend.
Bitcoin has surged over 5 percent to reach an intraday high just north of $8,700 a few hours ago. Resistance at $8,200 was smashed and the last 24 hours has seen BTC climb back to its highest level for 12 days. It has currently leveled out at new resistance just below $8,700, further gains could see Bitcoin reach $9k again soon.
Ethereum has been dragged up as expected but has only managed just below 4 percent to reach $265. The head and shoulders that formed on ETH yesterday did not play out as it predictably mirrored Bitcoin’s movements.
The top ten is largely in the green despite Binance and Bittrex shunning US customers for certain altcoin markets. Litecoin and EOS have gained over 4 percent each taking them to $136 and $6.72 respectively. BSV and BCH are around 3 percent up right now but Binance Coin is cooling off with a slide of 4 percent.
There is more green in the top twenty also as Monero and NEO make 5 percent each climbing to $94 and $13.70 respectively. The rest are relatively flat though with just minor gains on yesterday’s prices.
FOMO: KuCoin Shares Cranking
The top altcoin in the crypto top one hundred at the moment is KCS adding 16 percent to reach $1.50. The gain could be a result of US users moving from Binance and Bittrex into other exchanges as the fallout continues to affect lower cap altcoins. Nash Exchange has entered the top one hundred gaining 15 percent and Santiment Network Token is the only other double digit coin today.
There are no altcoins dumping hard this Saturday but those at the bottom of the pile are Waltonchain and Nano both dropping over 6 percent.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has surged $10 billion, or 3.8 percent, to $273 billion today. Bitcoin has been largely responsible for the market movement and its dominance has increased to 56.4 percent as a result. Total trade volume is up to $67 billion and the US customer clampdown does not seem to have impacted markets on a wider scale just yet.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: Consolidation Could Crack on Bitcoin’s Next Move

Crypto markets still range bound; Bitcoin, BCH and BSV moving marginally, Litecoin, BNB and ADA fall back. 
Market Wrap
It has been another day of consolidation for crypto markets as they end the week flat. Very little movement outside of the channel has occurred this week as total market capitalization has been range bound around the $250 billion level. Things have picked up marginally for some crypto assets but others have lost ground.
Bitcoin hit an intraday high of just above $8,300 a few hours ago but pulled back to its current price of $8,230. The move is bullish but not strong enough to break the resistance at this level. Volume has picked up again and is approaching $20 billion which is a sign that further gains could be on the cards.
Ethereum is still flat and holding around $255. There has been very little momentum in the ETH camp and it is down 1.5 percent on the day. Volume is declining as the head and shoulders formation reaches its closure and a drop could be imminent. Current support for ETH lies at $230.
The top ten is showing more red than green during Asian trading this morning. The only two aside from Bitcoin that are up on the day are Bitcoin Cash with 2.5 percent and Bitcoin SV with 3.5 percent. The rest are in the red with Litecoin and Binance Coin dropping the most at over 3 percent each.
Top twenty movements are also minimal with a couple of percent being dropped by Cardano and Tron. Gaining a similar amount are Cosmos and NEO reaching $6.25 and $13.13 respectively. The rest are plus or minus a percent or so as the crypto consolidation continues.
FOMO: Chainlink Spikes on Google Hints
It comes as no surprise that today’s top one hundred top performer is Chainlink. The 43 percent spike came after Google Cloud dropped hints that it would be working with Ethereum based LINK. The Reddit feed went wild and the altcoin spiked in volume from $24 million to $390 million as the fomo frenzy gathered pace. Binance is getting the majority of trade at the moment with 67 percent.
Energi is a newcomer to the top one hundred with a 30 percent pump as NRG gets listed on KuCoin. Bytom has also had a productive 24 hours with 14 percent added. As predicted the big dump is Aurora as it peaks and troughs on a daily basis, today dumping 50 percent for no obvious reason.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization is currently marginally higher than this time yesterday at $262 billion. Markets are still range bound however and are unlikely to see any bigger moves until Bitcoin breaks out. The push back above $8,200, albeit briefly, is a bullish sign though so the weekend in crypto land could get interesting.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: Litecoin Leading Markets Higher With 10% Pump

Crypto markets inch up slowly; Litecoin and Tezos on a charge, BSV falling further back. 
Market Wrap
As we end another week in crypto land markets are starting to pick up a little. There has been no major breakout for Bitcoin yet but some of the altcoins are doing well and green is back in the tables. As a result total market capitalization is back over $250 billion again.
Yet again Bitcoin pushed just above $7,900 for an intraday high before pulling back. It subsequently dropped below $7,500 again hitting support for a double bottom. At the time of writing BTC is back to $7,900 trading flat on the day.
Ethereum has done virtually nothing over the past 24 hours and is still lulling just below $250. ETH is very unlikely to move until its big brother does, and it will definitely be in the same direction.
There is a little more activity in the top ten during today’s Asian trading action. Green dominates over red and Litecoin is the clear leader with a push of 10 percent to $113. Less than 60 days to the halving is driving momentum for LTC which is likely to climb higher in the coming weeks. Market cap has now surpassed $7 billion and it is very close to flipping BCH for fourth. XRP is the other mover today as it gains 5 percent as rumors of a MoneyGram buyout circulate. BSV continues to get dumped.
The top twenty cryptos have seen a lot of movement from Tezos which has surged 14 percent to $1.36. There does not appear to be a lot fundamentally feeding the fomo aside from rumors that Coinbase Custody is loading up on XTZ. The rest in this section are a percent or two in either direction today.
FOMO: Metaverse ETP Pumps
ETP is getting another spike today as it rises 16 percent following a recent Finwise event in Hong Kong. Aside from Tezos, HyperCash is also doing well gaining 13 percent on the day and Decentraland is up 11 percent.
Getting dumped at the messy end of the crypto top one hundred is Maximine Coin sliding 18 percent. Yesterday’s pump, SOLVE, is today’s dump as it drops 14 percent and the crypto stalwart MaidSafeCoin is losing out on the day sliding 11 percent.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has picked up marginally, adding $3 billion to reach $253 billion. Volume is at $70 billion and the minor move not been enough to signal a wider break out yet. All eyes are still on Bitcoin which has dropped back in dominance slightly at the expense of Litecoin.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: Altcoin Losses Accelerate as Correction Continues

Crypto markets sliding slowly; EOS, Cosmos ETC accelerating losses, BSV and Tron holding steady. 
Market Wrap
The crypto correction appears to have slowed today but has not reversed and the short term trend is still downwards. Markets have settled a little following yesterday’s big dump but further losses could be imminent. Total market capitalization has now dropped below $250 billion.
Bitcoin has spent a large part of the past 24 hours hovering around $8,000 but could not hold that level. A slide last night dropped it back below $7,500 but BTC has since recovered marginally. Lower highs and lower lows indicate further losses however; Bitcoin is currently trading at $7,750.
Ethereum has weakened slightly and is now back below $245. Price has turned short term bearish and it is likely to mimic what Bitcoin does over the course of the day. Major ETH support lies at $240.
The top ten is still largely in the red for the third day this week. Losses have decelerated though and altcoins appear to be preparing for a bounce which may be short lived. EOS has dumped a further 6 percent dropping back to $6.20 while Litecoin hold steady above it in fifth. The rest have not moved much aside from Bitcoin SV which, adding another 4 percent, could be manipulated again.
Top twenty movements during Asian crypto trading today are larger, and mostly in a southerly direction. Ethereum Classic has dumped the most with 11 percent back to $8.18 while Cosmos is close behind dropping 8. NEO and Tezos continue their slide with another 6 percent lost each. Only Tron is making a little back today as 4 percent is added to TRX to reach $0.035.
FOMO: HedgeTrade Hedges In
Something called HEDG has surged into the top one hundred with a 50 percent pump today however an obscure spike in price that instantly dumped is responsible. GXChain and Bytom are both going strong at the time of writing with 14 percent added each and Revain has been revived with a 13 percent gain on the day.
At the messy end of the tables Crypto.com Chain sliding back 12 percent. Ravencoin is also in a bad way this morning with an 8 percent dump.
Total market cap 24 hours.
Total crypto market capitalization has declined for another day but only by 1.6 percent to $248 billion. Over the week a downtrend has started to form and losses could accelerate if Bitcoin and its brethren cannot hold their support levels. Daily volume is still a high $80 billion and BTC dominance has crept back up to 55.7 percent.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: $20 Billion Gone Again as Bitcoin Tumbles

Crypto markets dump again as $22 billion is lost; Bitcoin Cash, EOS, ADA, IOTA, Tezos and BTT in a world of pain. 
Market Wrap
For the second time in less than a week crypto markets have taken a massive dump. Led by Bitcoin as it collapsed below $8,000, markets have shed over $22 billion as altcoins get battered in another correction cycle. The question now is; how far will they drop this time?
A few hours ago Bitcoin plunged 8 percent from $8,600 to $7,950. It has remained just below $8k ever since and appears poised to fall further. Analysts have targeted the $8,200 zone as a key price level BTC needs to reach before the day is out to avoid further losses.
Ethereum has done exactly the same, dumping almost 8 percent to fall back below $250. The market correction is likely to drag altcoins down even further as it has done on countless occasions before.
The top ten is bleeding hard during Asian trading today. Bitcoin Cash and EOS have taken the hardest hits dropping 10 percent in 24 hours. BCH is now at $390 with EOS plummeting to $6.60. Not far behind is XRP, Litecoin and Stellar sliding 8 percent each. Only BSV appears to have escaped as it remains flat for now.
The top twenty is equally battered at the moment with Cardano, IOTA, Tezos, NEO and NEM dumping doubles and wiping out weekly gains. Only Cosmos has survived as it shows the only green in the 40 at the moment with a 3 percent gain on the day.
FOMO: Zilliqa Still Surging
Defying the massive crypto purge is ZIL which has added a further 7.5 percent on the day to reach $0.022. Binance is getting most of the volume at 30 percent as Zilliqa climbs up the market cap chart to 44. June has been primed to be bullish for the project with new hires and the release of the Scilla Smart contract to the second annual Zilliqa day. Aurora and Maximine Coin are back on a pump today also.
The biggest dump of the day is BitTorrent token sliding 13 percent. Maybe Justin Sun is spending too much of crypto investors’ coin trying to impress billionaires.  Tron isn’t far behind with a 10 percent drop.

Looking forward to lunch with @WarrenBuffett. Will be a great opportunity for mutual understanding and knowledge transfer. It's a new era for #TRON and #BitTorrent, and also a big step for the whole #blockchain history. Let’s see what happens next. https://t.co/OOkpnFsBif pic.twitter.com/Sstkj6xkgs
— Justin Sun (@justinsuntron) June 3, 2019

Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has shrunk by $22 billion, or 8 percent, to $252 billion. The fall which started yesterday, mirrors that of last Friday and has been controlled by Bitcoin. Failure to hold here will lead to further losses and could see BTC back in the low $7,000s with altcoins even worse.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: Is a Red Monday About to Intensify?

Crypto market consolidation continues Monday; XRP, BSV and ATOM still climbing, EOS and Tron falling back.
Market Wrap
The weekend has seen gains on crypto markets as another correction gets quashed. Friday’s big $25 billion dump did not extend into the weekend and things started to recover pretty quickly. Total market capitalization climbed above $270 billion again and the longer term uptrend is still going strong.
Bitcoin reached an intraday high late Sunday when it made it just above $8,800. Since then BTC retreated to $8,700 where it has spent most of the past day. A fall back to $8,600 has left it level on the day as the prospects of further losses mount.
Ethereum has remained flat on the day with virtually no movement. ETH is just under $270 at the time of writing and is likely to mimic whatever Bitcoin does in the next few hours, a move back to support at $250 is looking more likely.
There are only a couple of altcoins moving in the top ten at the time of writing. XRP has lifted itself up 4 percent or so to reach $0.448 and Bitcoin SV appears to be having another manipulated pump as it surges 17 percent. BSV is currently at $218 but considering how it got there leaves little confidence in this one.  Not a lot is going on with the rest of them aside from EOS which has dumped 5 percent failing to get any fomo from the weekend B1 event.
The top twenty also only has a couple of coins on the move. Cosmos is one of them as ATOM gets an 11 percent spike and Ethereum Classic is the other as it makes around 4 percent. Tron is following EOS and losing 5 percent but the rest are pretty flat on the day.
FOMO: Metaverse ETP Spikes
Today’s dose of fomo is going to ETP which has jumped 18 percent in the past few hours. Most of the trade is going on at RightBTC and there doesn’t appear to be much driving it. BSV as mentioned is getting pumped again and Maximine Coin is back up there with another 15 percent spike.
There are no big dumps going on at the moment as markets remain in consolidation mode. Those at the bottom of the performance pile for the top one hundred include Aion and Mixin dropping 7-8 percent each.
Total crypto market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization is currently at $272 billion which is back to where it was this time yesterday. Aside from Friday’s up and down, crypto markets have been pretty sideways all week and are where they were again last Monday. A Bitcoin correction could be imminent as red starts to seep in to the markets on Monday.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Avalanche Continues as Bitcoin Correction Concerns Mount

Crypto markets correcting hard; BSV, BCH, bleeding, double digit losses for ADA, Tron, IOTA and Tezos.
Market Wrap
Following another 2019 high, Bitcoin and crypto markets are dumping this Friday as the red hot momentum could not be sustained. Wider fears of a larger correction are sending prices south at the moment as markets shed over $28 billion falling back below $260 billion total capitalization.
Bitcoin finally broke the $9k barrier a few hours ago when it touched $9,100 on Tradingview.com. That must have triggered a wave of automated sell signals that sent BTC plunging $600 in less than an hour. The rout did not stop there and Bitcoin fell all the way back to $8k before recovering slightly over the past couple of hours.
Ethereum, which is still painfully tied to the movements of Bitcoin, dumped 10 percent to send it back to $250 before a slight recovery and temporary stabilization just above it. A dump usually follows a new high so none of this has been unexpected.
The move has sent the usual cascade effect across the rest of the crypto markets. A sea of red can be seen during Asian trading today as the top ten altcoins get dumped. Following its manipulated pump yesterday Bitcoin SV is suffering the greatest dumping 20 percent back to $185 today. Its brother, Bitcoin Cash, is also in pain with a ten percent slide to $420. EOS could not escape despite a Coinbase listing as it too lost 8 percent on the day falling back to $7.40. The rest are shedding a similar amount at the moment.
Top twenty losses are even more painful with Cardano, Tron, IOTA, Tezos and NEO all losing between 10 and 12 percent on the day. Only Cosmos has survived with a 6 percent pump to $5.50 through no obvious fundamental reason.
FOMO: Monacoin Spikes
It is hard to find fomo when markets are bleeding but there is always one altcoin topping the top one hundred. Japan’s Monacoin is today’s big performer with a 20 percent pump to $1.30. There is nothing in the news to suggest why the Japanese are loading up on this one at the moment. Maximine Coin and Bytecoin are the only two other altcoins in double digits, making 10 percent each.
The two Bitcoin offshoots, Bitcoin Diamond and SV are bleeding out the most today with losses of around 20 percent each.
Total market capitalization 24 hours. Coinmarketcap.com
From a new 2019 and ten month high of $286 billion total market cap has hemorrhaged $29 billion to fall back to $257 billion. It is currently back over $260 billion, which is still up on the week, but further declines could be on the cards over the weekend. Bitcoin dominance is back over 56 percent as a result of the altcoin avalanche.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Markets Hit Ten Month Peak as Altcoins Crank Higher

Crypto markets at new yearly high; BSV manipulated, ETH, BCH, IOTA, Cosmos, NEO and NEM flying.
Market Wrap
More momentum today has driven crypto markets to a new 2019 high. The majors are still holding gains and some are cranking double digits at the moment leading to calls of ‘altseason’ once again. Total market capitalization has reached a ten month high at $280 billion.
Bitcoin is bouncing back yet again with no sign of this big correction in sight. From yesterday’s low of around $8,500, BTC has wound back up to $8,730 where it currently trades a couple of percent higher. Dominance, however, is dropping back towards 55 percent indicating larger gains for the altcoins.
Ethereum has made a bigger move today reaching its 2019 and ten month high of $285. Surging 7 percent on the day, ETH may well hit $300 before showing any signs of a correction. Its market cap has now reached $30 billion which is 50 percent more than its closest rival, XRP, which is only managing to hold support.
There is a lot of green in the top ten during Asian trading today. Another manipulated scam has sent Bitcoin SV barreling up the charts and doubling in price as Chinese and Korean traders load up on fake news fomo. BSV has managed to top $4 billion in market cap flipping USDT, XLM, ADA and TRX in one almighty pump. Bitcoin’s other offshoot, BCH, has also done well today with a 10 percent gain to reach $470. BNB is back at ATH with a 7 percent climb as EOS, LTC and XLM add 5 percent.
The top twenty looks a little different today with big gains for most. IOTA is still flying as it reaches $0.54 following yesterday’s announcement and Cosmos is also adding 13 percent. NEO and NEM have both pumped 14 percent and the rest are making solid gains.
FOMO: Fake News Scam Sends BSV to The Moon
With a gain of over 100 percent, FOMO is not strong enough to describe the Asian reaction to the fake announcement that floated around Chinese social media a few hours ago. A spoofed post from a Chinese crypto outlet said that Craig Wright had sent 50k of BTC from the original Satoshi account to one on Binance to prove is identity. The BS in BSV should stand for bullshit as this is exactly what they were reading.
Other variants of Bitcoin are also pumping today with Bitcoin Diamond surging 50 percent and Gold up 26 percent. It comes as no surprise that Aurora is dumping again as the chart for this coin looks like a sine wave.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization is at a new 2019 high of $280 billion as $13 billion flows back into digital assets over night. The last time markets were this high was at the end of July 2018 when things started falling fast. Almost a year later the momentum is going the other way as altcoins start cranking up once again.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: IOTA Defies Market Correction With 16% Surge

Crypto markets cool off; IOTA cranking while Bitcoin, BNB, Tron and Monero start to slide.
Market Wrap
There has been a bit of a cooling off for Bitcoin and crypto markets following solid gains over the past couple of days. Red has seeped into the charts as losses begin to accelerate during Asian trading today. This has knocked $7 billion off total crypto market capitalization as it slides back towards $265 billion.
From a high of $8,760 a few hours ago Bitcoin started to fall back, dropping 3 percent to below $8,500. The selloff has accelerated over the past two hours and may well result in a fall back to resistance at around $8,200. The big 30 percent pullback is still looming and it may have just started to happen.
Ethereum has followed suit, dropping a similar amount at the time of writing and falling back to $263. ETH still remains coupled to the movements of BTC, especially on the downside.
The top ten is all red at the moment with altcoin losses starting to mount up. Only XRP is surviving right now with no losses on the day but that will definitely change if markets drop further. Binance Coin has lost the most with a 5 percent slide back to $32 while Litecoin is back at $111 losing almost 3 percent.
There is only one altcoin surging in the top twenty today. IOTA has pumped over 16 percent as the Tangle team announces the next evolutionary stage for the platform. A move closer to full decentralization with ‘Coordicide’ has driven IOTA fomo today as it gets close to $0.50.

IOTA Announces Coordicide Solution: A Distributed Ledger Technology which Removes the Barriers to Real-World Adoption. https://t.co/g7qdimiDewMore details on https://t.co/Gx8P2tMgtH#IOTA #Coordicide
— IOTA (@iotatoken) May 28, 2019

Big dumps are everywhere else with Tron, Monero and Ethereum Classic dropping 5-6 percent. The rest are also starting to fall back now with a couple of percent lost each.
FOMO: Aurora Back Up
AOA must be one of the most pumped and dumped altcoins in the top one hundred. Today it is back up 24 percent for no apparent reason again. Pundi X has made 15 percent as former member of the governing board of the Ethereum Foundation, David Ben Kay, gets appointed as President of the Function X Foundation. IOTA is the third altcoin in double digits at the moment. At the messy end of the top one hundred is Verge and Aelf dropping 7 percent each.
Total market capitalization 24 hours, Coinmarketcap.com
Total crypto market capitalization has shrunk by $7 billion in 24 hours as it returns to $267 billion. Bitcoin has been largely responsible for the decline as altcoin losses are largely comparable. On the week, however, markets are still up by almost 7 percent so the minor pullback is just that – at the moment.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: Epic 10% Surge Adds $25 Billion to Crypto Assets

Crypto markets surging this Monday; Bitcoin, BCH, Litecoin and BSV dominating, Tron, EOS and Monero close behind. 
Market Wrap
Monday morning is bringing renewed jubilation to crypto traders and investors as markets surge once again. Bitcoin is in the driving seat with a massive spike sending it to 12 month highs and total market capitalization has also reached a new 2019 and ten month peak.
After lulling around the $7,950 level for most of last week Bitcoin took off again a few hours ago. A dump down to $7,500 on Thursday did not last long as the king of crypto rapidly recovered back to resistance at $8k. From there it powered up to just above $8,900 in a 12 percent pump. Currently trading at just above $8,700, BTC is on a roll right now and analysts are predicting a move to the mid $9,000s.
Ethereum enjoyed the run adding 7 percent itself to reach $270 before dropping back slightly. Daily ETH volume is back over $10 billion which could send the second largest crypto asset in the world up to $300 in no time.
The top ten is a wall of green as altcoins make big gains today. Leading the pack is Litecoin adding to its weekend rally and pumping a further 11 percent to reach $114, its highest price since June 2018. Bitcoin Cash and EOS are also going strong with over 9 percent each to reach $439 and $6.92 respectively. XRP, Stellar and Cardano have made around 7 percent each.
In the top twenty Bitcoin SV is ahead with a huge move of 18 percent taking it to $108. Tron has had another mystery shill from Justin Sun which has caused a 14 percent surge.

Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTT
— Justin Sun (@justinsuntron) May 26, 2019

Monero and Tezos have added 8 percent while Dash, Ethereum Classic and NEM are up over 7 percent.
FOMO: Maximine Coin Spikes Again
The fomo is pretty much everywhere today but MXM is getting more than most with a 40 percent pump. There doesn’t appear to be anything fundamental driving this altcoin at the moment. Sun’s tweet has also driven BitTorrent token which is cranking 32 percent at the moment. Dent is the third best performer in the top one hundred at the time of writing with a 24 percent gain.
When markets are on fire it is harder to find big dumps but as usual Aurora does not disappoint getting smashed by 30 percent today. The Binance pumped Theta Fuel is also dumping today as it loses 16 percent.
Total crypto market capitalization has jumped by a whopping $25 billion, or 10 percent, from low to high over the past 24 hours. It is currently just below $270 billion which is the highest amount of money invested in digital assets for ten months. Daily volume has cranked 50 percent to reach $90 billion again and Bitcoin’s dominance is back over 57 percent as it commands the markets today.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: $8 Billion Back as Correction Gets Quashed

Crypto markets bounce back; No correction for BTC yet, NEM, THETA and Waves flying.
Market Wrap
Crypto markets have rebounded as another correction gets quashed. The big dump from yesterday was expected to accelerate today and throughout the weekend but Bitcoin and its brethren appear to have settled at higher levels of support and have even started to rally again. Total market capitalization as a result is back over $240 billion.
Bitcoin did fall back to an intraday low of $7,530 but did not hang around there for long. The bulls took over and BTC started to head north again topping out at $7,940 a few hours ago. It is currently trading at $7,850, up almost 3 percent on the day.
Ethereum has followed suit with a slight recovery from yesterday’s dump. ETH moving back towards $245 and is likely to hit $250 again within the next few hours. Daily volume is still solid at over $10 billion.
The top ten is back in the green during Asian trading today as altcoins bounce from their dumps yesterday. Gains are not that great though and most are only adding between 2 and 3 percent.
More movement can be seen in the top twenty where NEM has made back nearly all that it lost. With a 9 percent surge NEM has managed to flip NEO which has hardly moved. Tezos and Cosmos are also doing well today adding 4 percent each since yesterday. The rest are up a couple aside from Bitcoin SV which continues to slide.
FOMO: Theta Fuel Fires Up
Yet again Binance has been the instigator of today’s pump as TFUEL gets listed on the world’s leading exchange. The video delivery based token spiked 150 percent in the past two hours as South Koreans load up on Upbit which has 90 percent of the volume in KRW. The fomo pump is likely to fade very quickly though.

#Binance Will List @Theta_Network Fuel ( $TFUEL )https://t.co/RvrTlZQ9YR pic.twitter.com/NGJeoKEaFb
— Binance (@binance) May 24, 2019

As expected the associated THETA token is also pumping but it only gets 30 percent. Santiment Network Token has surged into the top one hundred with a 27 percent surge and Waves is also doing well with 26 percent.
At the red end of the table is Insight Chain still dumping, losing another 12 percent today. It is the only altcoin in double digits as most are on the make today.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has recovered $8 billion from yesterday’s slide and is currently at $244 billion. Daily volume has dropped back marginally but the formation is still sideways for markets. Since the same time last Friday markets have gained 6 percent.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Wrap: $14 Billion Blitzed as Bitcoin Beats a Retreat

Crypto markets dumping hard; Stellar, Cardano, BSV, NEM and IOTA in a hurt locker, Matic still moving.
Market Wrap
The big Bitcoin pullback has finally begun. Crypto markets are crumbling today in Asia as Bitcoin dips precipitously below key support sending the altcoins crashing around it. Total market capitalization has shed over $14 billion and is approaching $235 billion at the time of writing.
After a very clear double top formation, Bitcoin failed to break resistance and started on a downward slide that has resulted in a 4.3 percent dump on the day. From trading just below $8,000 BTC has fallen back to just above $7,600 at the moment. Analysts are eyeing resistance at $7.4k and $6.8k with further declines likely if these cannot be held.
Ethereum has followed suit as usual and with a 7.5 percent dump is now back at $237. ETH has not managed to decouple from Bitcoin and could return to support at the $232 area.
The top ten is awash in red during Asian trading today. Cardano is getting crushed over 10 percent and Stellar is not far behind, dumping 9 percent. XRP, Bitcoin Cash and EOS have all dropped 7 percent and only Binance Coin is staying afloat, just above $30 with a 2 percent loss.
Big trouble faces the top twenty at the moment as Bitcoin SV dumps 12 percent of its epic gain yesterday. The US Copyright Office has already said it does not investigate whether there is a provable connection between the claimant, Craig Wright, and the pseudonymous BTC code author, effectively urinating on his parade. Also getting dumped on is NEM with a 12 percent slide, IOTA dropping 11 percent and Cosmos at 10%. The rest are sliding 6 – 8 percent at the time of writing.
FOMO: Matic Still Moving
Yesterday’s Binance induced pump is still going today as MATIC adds another 20 percent to its price. Embellishment from the world’s largest exchange can do wonders for a crypto project and give it a somewhat unfair advantage over its competitors. Crypto.com Chain has also had a bit of a revival with a 10 percent surge against the flow today. The Singapore based crypto wallet and card keeps adding new assets.
There are too many double digit dumps today to count but those at the messy end of the top one hundred include Insight Chain, Enjin Coin, BSV, NEM and Qtum all dropping over 12 percent.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has been smashed $14 billion as it falls back to $236 billion today. The mass exodus is not over yet as Bitcoin searches for support. On the week crypto markets have dropped 7 percent but on the month they’re still up almost 25 percent so this pullback is nothing to be too concerned about … yet.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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