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July 18, 2018 @ 17:22 +03:00
Finally it is party time in crypto land, a big bull run has starting and markets are awash with green this morning. Over $20 billion has entered the markets in the past 24 hours pushing total capitalization over $290 billion for the first time in a month.
Bitcoin led the charge with an epic pump of $600 in less than an hour yesterday. That huge green candle combined with a surge in volume by $2 billion has kept BTC above $7,000. It is currently trading at $7,380, up 9.5% on the day and its highest level since June 10. Ethereum also benefited from the rally climbing 5% on the day to $500, its highest level for almost a month.
The altcoins are also racing, many posting double figure gains today. In the top ten Stellar Lumens is surging ahead with a 22.4% climb on the day to $0.285. Over the week XLM has made an impressive 50% from $0.188 this time last Wednesday. Cardano is the second biggest gainer in the top ten with 15.3% on the day to trade at $0.175. The weekly picture sees gains of 35% for ADA from $0.129 this time last week. EOS rounds out the top ten’s double digit altcoins with 11% to $8.82.
Further down the list is Nem with an 11% rise to $0.193 and Zcash charging 14% to $212. 0x has made 12% to trade at $1.25 and Icon is also steaming ahead with a 12.8% jump to $1.66. Four of these top performers in the top twenty coins are those that Coinbase hinted at listing in the future.
Other altcoins with double digit gains at the time of writing include Zilliqa up 11.6%, Bitshares climbing 12.5%, and Steem and Dogecoin jumping 15%. The top performing altcoin of the moment is Ardor which has rocketed 60% to $0.261 on the back of a Binance listing.
Over the past 24 hours total market capitalization has jumped just over 8%. This equates to an increase of around $23 billion on the figure which currently stands at just under $294 billion. Trade volume for all cryptos has increased 33% from $15 to $20 billion per day. This is the highest volume seen for almost six weeks has markets climb back to June 10 levels. A break over $300 billion could continue to the next previous plateau at $340 billion and a Bitcoin price of around $8,000.