Market sees a nice bump as we enter new year, Bitcoin poised to retest $4K

02 Jan, 2019
by David Borman
Price Action
Market sees a nice bump as we enter new year, Bitcoin poised to retest $4K

The market saw a good swing into the green today, with almost all top 100 showing growth. Bitcoin is looking like it may retest $4,000, a move that would be very bullish if it could break through.

Coin Market Capitalization/Bitcoin Dominance

Current coin market cap is at $129,751,358,803, up close to $5 billion, which is roughly how much the recent swings have often been. Bitcoin dominance slipped slightly to 51.6%.

Current price of Bitcoin: $3,836.28.

Top 10

Of the top 10 coins, the best performer was Bitcoin SV (BSV) with an impressive 9.32% gain to $93.15. Maybe unsurprisingly Bitcoin Cash (BCH) also did well showing 8.63% in the green to $167.06. There were no coins on the downside in the top 10.

Biggest Winners/Losers

Moving into the top 100, the most growth today came from DEX which saw a 19.96% rise to $0.287, followed by Revain (R) with 15.04% to $0.254. There were almost no losers today, but there were a few. MOAC dropped -4.61% landing at $0.55, and NEXO wasn't far behind down -4.49% to $0.07.

Hopefully with the optimism of the new year we can hold these levels and begin the climb to previous levels, like $5K or $6K for Bitcoin. In any event, stick with Chepicap for all price action news!

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