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BTC to retest $4,000, most cryptos showing solid green


www.chepicap.com 28 December 2018 16:52, UTC
Reading time: ~2 m

Over the last hour, the crypto market has welcomed green price indicators all over the charts. It seems as if the short downtrend that started on Christmas day is starting to find a retracement point, and thus Bitcoin and the rest of the market could very well hold on to the bullish direction they found after mid December, when a year low was established on the $3,200 mark.

Market capitalization, a metric representing the price of all coins times their circulating supply, has gained significant traction over the last hour, raising all the way from $120 billion to almost $130 billion.

Much of that increase is due to Bitcoin, which has raised in price from the $3,600 range up to its current $3,950 mark. At writing time, the trend appears to be still developing and price has not found yet a stable level.

Read more: Will Bitcoin recover in 2019?

Currently the best performer of the top 10 coins by market cap is Ethereum, packing up gains in excess of 5% to exceed $130 in price. On the contrary, Tether and Bitcoin SV are performing worst among the same selection of tokens, with price increases of 0.3 and 1.36%, respectively.

The best performing crypto out of the top 100 by market cap is DEX, which right now is priced up in excess of 50% when compared to 24 hours ago. On the red side, QASH is packing the largest losses of the day at 13%. However, there are only about 20 coins in the red area of the table, and many of them are stablecoins. Will the green streak continue?

Read more: Market takes another downturn, shaving off $4 billion in an hourBitcoin: the #1 asset class in 2019?

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