The market capitalization of all cryptocurrencies now exceeds USD $ 133 billion, its best value since December 2.
Good streak for cryptocurrencies this week. Not only have there been significant increases but also Bitcoin crossed a barrier that seemed insurmountable: the one of USD $ 4,000. Let's see the panorama:
When it is 6:00 am in New York, Bitcoin has a price of USD $ 4,120.71, 8% more than yesterday at the same time. It is your best price since December 2. The most interesting is the volume of operations, which exceeds USD $ 8 billion in the last 24 hours, almost twice the daily volume of the last weeks. That speaks of a lot of movement among investors. Again, as yesterday, the number of exchanges that are being made with Tether, especially from Asia, is very high.
Altcoins
Other relevant increases are those of XRP (Ripple) in 4.36%, Ethereum 7.05%, EOS 4.70%, Stellar 4.27%, Litecoin 6.19%, Tron 5.86% and Cardano 4.93 %. Even Tether, the best-known stablecoin, had an increase of 1.01%.
Now, the most striking is the price of Bitcoin Cash and its bitcoin SV fork. Both went up, but the first double the second. In these moments, Bitcoin Cash reflects an increase of 42.46% with respect to its value of yesterday at the same time. Its price is USD $ 166.11. In the case of SV, it increased 20% in the same period and its price is USD $ 103.50.
Grasping momentum
The crypto market is now worth USD $ 132 billion, its best price since December 2. Exceeds USD $ 33 billion its worst price, which was on December 15, when it had the largest fall and fell to USD $ 100 billion, its lowest value in 2018.
95 of the top 100 cryptocurrencies are rising. Analysts are optimistic that the end of the year will not be so much in the doldrums, although we know that there is still a long way to go to recover the prices of the currencies last year.
Reasons?
Although several analysts have pointed out that there is no specific factor of this increase, more than the market dynamics and the psychological impact of overcoming the $ 4,000 barrier, in CCN they point out that the rise of the crypts could be related to a fact macroeconomic in the US, as it began to manifest itself after this. This is the announcement of the Federal Reserve on the increase in the interest rate, which caused fears and affected the entire US stock market. This rate now reached its highest level in 10 years. This resulted in stocks rising in the morning in the New York Stock Exchange but in the afternoon they fell. Also, the prices of the bonds went up.
