Market slows slightly after surge, BNB leading the pack, up 7%

02 May, 2019
by David Borman
Price Action
Market slows slightly after surge, BNB leading the pack, up 7%

The last several days have been quite positive for most of the market, though the rally did slow down a bit in the last few hours. Still, Bitcoin remains trending upward and Binance Coin (BNB) stands out against the rest of the market.

Coin Market Capitalization/Bitcoin Dominance

As of now, the market cap is sitting at $177,580,163,626, still up slightly from a 24 hour low of about $174.6 billion. Bitcoin dominance is holding strong at 54.7%.

Current price of Bitcoin: $5,491.56.

BTC/USD Chart provided by Tradingview

Top 10

Looking at the market leaders, it is perhaps surprising to find that most of the major coins are down today, if only slightly. Standing out against the pack, and in fact the whole market, is Binance Coin (BNB), which is up an impressive 7.63%, now at $23.47. The only other green besides Bitcoin itself is Cardano (ADA), up just 0.66% to $0.069. As for downside, the damage wasn't too bad, with EOS taking a -1.10% drop to $4.72 and Stellar (XLM) sliding -1.06% to $0.100. All other top 10 coins were down less than a percent.

Biggest Winners/Losers

Moving outside of the top 10, BNB was still the best performing coin overall. Other notable altcoins included Komodo (KMD) rising 5.67% to $1.02, and QTUM was up 4.14% to $2.57. All was not green though, and hardest hit were Project Pai (PAI) with -5.40% losses to $0.041, and WAX slipping -4.57% to $0.069.

Overall the market is still up on average, but the slowing momentum could mean a further dip is coming. Will we hold? Stick with Chepicap for all updates!

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