Categories: Market Overview

Bitcoin (BTC) jumped 13% to $ 4,200; the crypto market shows solid growth

A few of the top 15 cryptocurrencies saw notable increases over the past twenty-four hours. Stellar saw a gain of 15% against the US dollar, with 22% of its volume being against USD or USD-pegged cryptocurrencies themselves – meaning these gains are realistic, not just figurative. Litecoin gained over 13% against the dollar while Monero jumped nearly 16%, and Zcash was hot on its heels.

Stellar (XLM) price is up 15% against the dollar, with a 3% gain in Bitcoin valuation, over the last 24 hours. The cryptocurrency saw a 24-hour volume of almost $100 million in trading, with a gain in overall market capitalization roughly equal to that. According to CoinMarketCap, trading against USDT accounted for roughly almost 22% across twelve markets. Notably, the most trading in a single pair happened at an exchange outside of Binance — namely, Exrates, — although overall trading did have a plurality at Binance with 18% between XLM/BTC and XLM/USDT.

The Zcash (ZEC) chart is perhaps the most interesting of the bunch, with a 24-hour simultaneous rise in both market capitalization and USD price, but a drop in actual BTC-per-token valuation. The price wound up around $11 higher than it was 24 hours previous to 8:00 AM CST, gaining around $64 million in overall market capitalization, with more than 30% of its trading happening in the Ether market at an exchange called Lbank, and another 8% of the total volume happening at the same exchange against BTC. Another 22% of the volume happened at the same exchange as the most Monero trading, Bithumb, also against KRW. Thus a total of 60% of the ZEC volume happened in three currencies on two markets.

Bitcoin (BTC) jumped 13% to $ 4,200; the crypto market shows solid growth, CCN, Nov 28
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

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