May 16, 2019 17:17 UTC
May 16, 2019 at 17:17 UTC
Midweek Market Roundup: Top Coins Continue To Be In the Green
Almost poetically coinciding with Game of Thrones’ changing plot lines, the crypto market has come to a much-awaited end of the prolonged crypto winter, something that has been vexing and worrying crypto enthusiasts and investors for a while now. Now, the market seems to be sustaining its bullish high, with both Bitcoin (BTC) and other altcoins being mostly in the green this week.
You May Also Read: Why Does The Price of Bitcoin Move So Much?
In this midweek market roundup, let us have a quick look at how some of the top crypto coins and tokens are performing, so we can get an insight into how the price corrections might occur in the coming days. The price of Bitcoin, the top crypto, is $8,038.51 at the time of writing (according to data collected from Coinmarketcap). It has moved up by about 0.41% and the price point seems to be at a far cry from the days of the crypto coin languishing at a little over $3000 even last month. Its market cap is currently $142.31 billion.
Ethereum (ETH) has managed to retain its second position in the list of cryptos according to market cap and is currently priced at $270.07. At the time of writing, it is registering a massive rise of 14.39 per cent. Its market cap, although still quite far behind as compared to Bitcoin, has risen to $28.65 billion. In terms of market cap, Ethereum is being tailed by close competitor Ripple (XRP). Ripple’s market cap is currently $18.46 billion, roughly just 10 billion dollars away from that of Ethereum. Its price is $0.438152, registering a rise of 1.79%.
Of the top 10 cryptocurrencies, only the Binance Coin (BNB) seems to be in the red, with its price having fallen by 1.33%. In the top 20, the only other cryptocurrency that is in the red is Tron (TRX), which, despite being one of the most promising coins, has fallen by 0.10%.
Considering how well Bitcoin is currently performing, it makes sense that the “Drop Gold” Bitcoin advert is going to be telecast in the US today. There can hardly be a better time for the ad campaign to drop and we are sure the crypto enthusiasts in the US will love it as much as we do!