Bitcoin Circles $10,400 as Altcoins Rally, XRP Posts 10% Gains
Sunday, Aug. 18 — #Crypto markets are seeing a strong surge of green, with altcoins posting the strongest gains and #Bitcoin (BTC) circling the $10,400 mark.
After yesterday’s correction, #BTC is today up nearly 2%, bringing it to $10,393 by press time.
While still roughly $1,000 short of its price point at the start of its 7-day chart, (Aug. 11), today’s recovery has kept the top coin comfortably above the $10,000 psychological price point. During a brief downturn mid-week on Aug. 15, Bitcoin had dropped as low as $9,700. On the week, Bitcoin remains 9% in the red.
Top altcoin #Ether (ETH) has posted a strong gain of over 7% and is trading around $197 by press time. Having dropped below the $200 mark on Aug. 14, Ether’s fresh gains are now edging it back above this threshold. Losses on the week remain at a stark 7.86%. XRP is seeing an even more bullish 10% gain on the day, and is posting a milder 5% loss on its seven-day chart.
Among the remaining top ten coins several alts are seeing solid upward momentum: #Litecoin (LTC) is up 6.5% on the day, #EOS (EOS) is up 6% and Bitcoin Cash (#BCH) is up 5.7%. Widening out to the top twenty, alts are performing strongly across the board. #Cardano (ADA), Unus Sed Leo (LEO) and #Tron (TRX) are all up between 7-9% over the past 24 hours.
Chainlink (LINK) is seeing a close to 7% gain on the day, with #Stellar (XLM) up close to 5.6%. #Dash (DASH), #Tezos (XTZ), #NEO (NEO) and IOTA (MIOTA) are all posting gains of 3.5-5%. Total #market capitalization for all cryptocurrencies is at $267,390,988,350 at press time, according to Coin360 data.
In alt development news, the team at NEO revealed they were considering integrating Celer Network’s (CELR) layer-two scaling protocol to improve scalability. If finalized, the prospective integration would see the NEO blockchain benefit from Celer’s solution for faster off-chain transactions for payments as well as generalized off-chain smart contracts.