After one whole week of battling sellers, the crypto-pioneer and leader by market capitalization Bitcoin (BTC) made it above $4,000.00 with today’s stellar market performance.
In just around 30 minutes, the total global market capitalization jumped from $132.00 bln to $139.00 bln with Bitcoin counting 5.60% gain in the last 24-hours as a positive sentiment struck the industry and bulls are having their saying.
Bitcoin (BTC) rockets above $4,000 as positive newsflow encourages bulls
Without a doubt the one who is standing out strong for a couple of days now is the silver to bitcoin’s gold representation – Litecoin (LTC). In only a week the digital asset ranked 6th according to data on CoinMarketCap – climbed its way from $22.50 to $40.00 in only two weeks following Ethereum‘s recovery-run which took place upon closing-in to its Constantinople Hard Fork. Reaching important levels approximately at the same time for all coins is taking a slight turn downwards as short-term traders are using the increased value to gather profit. Per time of writing the pair LTC/USD is one of the only counting double digit gains at 11.70% – leading the BTC market at 5.65%.
Following up is Cardano (ADA) with 10.63% reaching the $0.04950 level fighting to get above $0.05000 once again.
The Cardano Foundation recently wiped the dust off its one-month dormant Twitter account to issue a notable announcement, divulging that Cardano’s hierarchy had undergone a sudden shift. As Charles Hoskinson, one of the masterminds behind the Ethereum and Cardano projects alike, put it, “The Babylonian Captivity of Cardano Has Ended.”
We can announce that there has been a change in the Cardano Foundation Council. Michael Parsons has resigned with immediate effect, Pascal Schmid takes over as Chairman on an interim basis. https://t.co/hg8bvVykQy
— Cardano Foundation (@CardanoStiftung) November 13, 2018
Per a public statement issued by the Foundation, Michael Parsons, the former chairman, has stepped down from his role willingly, with this change taking effect immediately.
Why and how everything went down, you can read it here:
Cardano (ADA) Co-Founder Charles Hoskinson Dissatisfied with Cardano Foundation Performance