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Crypto Market Wrap: Bitcoin Cash (BCH) Leading $6 Billion Surge

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Contrary to all signals yesterday crypto markets have turned bullish again today as $6 billion gets injected back into digital assets. Bitcoin’s push back to resistance levels has heaved market capitalization back up to $175 billion.

Just when it looked like BTC would drop through support it bounced back at charged back to $5,400 today adding 2.5 percent. Volume remains above $14 billion and signals now have turned bullish indicating that there could be another push up to $5,600. Analysts are of mixed opinion as to where BTC will go next but more consolidation in this range is likely.

Ethereum has also gained a couple of percent on the day taking it up to $160 again. There are no real fundamentals driving ETH at the moment as it mirrors the movements of its big brother.

The top ten is all green today as Asian traders load up on altcoins. Bitcoin Cash has cranked out an 11 percent gain to reach $270 as daily volume jumps to almost $2 billion. Litecoin and Stellar have also made good gains today with 4 – 5 percent added, the rest are gaining a little less.

The top twenty is also all green and has a new entrant. Cosmos has arrived from nowhere to sixteenth as Coinmarketcap has just recorded ATOM market cap which is at $835 million. This has enabled it to instantly flip Tezos, ETC and NEO. XTZ has had a good day itself with 7 percent added while Tron and Monero made 4 percent on the day.
 
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Contrary to all signals yesterday crypto markets have turned bullish again today as $6 billion gets injected back into digital assets. Bitcoin’s push back to resistance levels has heaved market capitalization back up to $175 billion.

Just when it looked like BTC would drop through support it bounced back at charged back to $5,400 today adding 2.5 percent. Volume remains above $14 billion and signals now have turned bullish indicating that there could be another push up to $5,600. Analysts are of mixed opinion as to where BTC will go next but more consolidation in this range is likely.

Ethereum has also gained a couple of percent on the day taking it up to $160 again. There are no real fundamentals driving ETH at the moment as it mirrors the movements of its big brother.

The top ten is all green today as Asian traders load up on altcoins. Bitcoin Cash has cranked out an 11 percent gain to reach $270 as daily volume jumps to almost $2 billion. Litecoin and Stellar have also made good gains today with 4 – 5 percent added, the rest are gaining a little less.

The top twenty is also all green and has a new entrant. Cosmos has arrived from nowhere to sixteenth as Coinmarketcap has just recorded ATOM market cap which is at $835 million. This has enabled it to instantly flip Tezos, ETC and NEO. XTZ has had a good day itself with 7 percent added while Tron and Monero made 4 percent on the day.
Thank You
 
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