Rebound: Crypto market cap adds a further $10 billion; up 20% since the weekend

19 Dec, 2018
by Will Heasman
Price Action
Rebound: Crypto market cap adds a further $10 billion; up 20% since the weekend

Saturday the 15th marked a new yearly low for Bitcoin (BTC) with its price teetering down to $3260. That, however is set in stark contrast today with and added 20% to the total cryptocurrency market cap and not a red candlestick in sight.

Last week the crypto market was threatening to breach below $100 billion. it appears we were saved by the skin of our teeth with today’s total market cap currently citing $122 billion.

BTC has recovered well from its year low, currently sitting at $3,779, an increase of +7.82% over the past 24 hours.

XRP and Ethereum (ETH) are citing similar gains, with XRP up +11.84% and ETH striking back above $100, with a +10.19% gain.

The rest of the top ten are also in good positions, especially Bitcoin Cash (BCH), displaying an almighty comeback with a +30% gain on the24-hour charts.

While EOS appears to be fending off Stellar's Lumen (XLM) for number 4 spot, both cryptocurrencies are gaining up +7.40% and +9.67% respectively.

Litecoin (LTC), BitcoinSV and TRON cite +6.45%, +8.73% and +14.26%, respectively.

Looking outside of the top ten tells the same story, with Cardano (ADA), IOTA, Monero (XMR), Binance Coin (BNB) and Dash all gaining in the tens, up +9.72%, +16.49%, +11.08% and +10.49% respecivly.

Meanwhile, Waves and Stratis (STRAT) blow everything else out of the water with momnetus gains of +47.70% and +51.42%, respectively in the past 24 hours.

All prices correct at the time of writing.

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