The total Market Cap of the crypto space hit an all time high earlier today of $147 Billion.
Buoyed mostly by Bitcoin Cash surging (although it has cooled slightly over the last couple hours) and Bitcoin perking up a bit as of late as well.
Bitcoin cash briefly broke $1000 yesterday, hitting an all time high of $1,091 before pulling back to the $800 area that it currently resides in.
Bitcoin has been pretty steady since pulling back a couple days ago. It has traded between $4,050 and $4,200 over the last 2 days.
Current Cryptocurreny Market Cap:
What's next?
Do I hear $150 Billion?
I am thinking, YES!
Both of these charts look more like resting patterns than topping patterns:
Bitcoin:
Bitcoin Cash:
I would not be surprised to see the crypto space top $150 Billion tomorrow at some point. Especially since Monday's have been pretty good to the crypto space in recent history.
Our beloved Steem is even participating.
Gotta like that 30% number!
Steem hit $1.44 on Bittrex just a few minutes ago.
It seems all Steem does is trend down as of late, so days like today are a welcome surprise. Although a quick glance at the crypto markets makes it look like this is a lot less about Steem and more about the general bullish price action in the crypto markets today.
Keep in mind that the last couple surges like this in Steem have corrected themselves and gone right back down almost just as quickly as they went up.
I can't image Poloniex and Bittrex Wallet issues have been helping Steem in any way, but hopefully it can figure out a way to hold some of the gains this time.
By the way, this longer term chart actually looks pretty good to me...
Time to breakout of this multi-month downtrend and make a run back at those recent highs?
Stay informed my friends.
Sources:
https://coinmarketcap.com/
https://www.coindesk.com/bitcoin-trading-sideways-bitcoin-cash-drops-800/
Image Sources:
http://hivergent.com/beware-ico-market-invest-instead/
https://coinmarketcap.com/
https://www.coindesk.com/bitcoin-trading-sideways-bitcoin-cash-drops-800/
