Markets Update: BNB, LTC, and XLM Pop, Top Cryptos Consolidate
This past week’s action has seen most leading markets produce little volatility, with the cryptocurrency meta-trend appearing to comprise consolidation while traders wait to see whether BTC can break above $4,000 for the third time in 2019. However, among the top 10 crypto assets by market cap, LTC, XLM, and BNB have been able to defy the meta-trend to produce seven-day gains of approximately 20% or higher.
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Leading Markets Post Slight Weekly Gains as BTC Tests Resistance at $4,000
Most top crypto assets have produced sideways consolidation this past week, with most of the top 15 cryptocurrencies by market cap posting a gain of between 3% and 5% for the past seven days.
As of this writing, bitcoin core (BTC) is trading for $4,000 on Bitfinex and $3,900 on Bitstamp, with traders anxiously awaiting to see whether BTC can break resistance to trade above $4,000 for the third time this year. BTC is up 3.76% in seven days. Approximately $9.6 billion worth of BTC has changed hands in the last 24 hours. BTC currently has a market cap of $69.45 billion.
Bitcoin cash (BCH) is trading for $131.66 after gaining 3.08% this week. When measured against BTC, BCH has made virtually no movement in price, currently priced at 0.033 BTC. BCH is the sixth-largest crypto asset with a market cap of $2.31 billion. Roughly $272 million worth of BCH changed hands over the last 24 hours.
Ethereum (ETH) is currently trading for $136 after gaining 5.46% over the last seven days. When measured against BTC, ETH has gained 1.61% this week to trade for 0.0346 BTC. ETH is the second largest crypto asset with a capitalization of $14.37 billion. Roughly $4.45 billion worth ETH has been traded over the past 24 hours.
XRP is up 1.48% this week, currently trading for $0.31. When measured against BTC, XRP has lost 2.1% during the last seven days to trade for 7,932 satoshis as of this writing. XRP is the third largest cryptocurrency with a market cap of roughly $12.9 billion. $619.55 million worth of XRP trade took place during the last 24 hours.
LTC, BNB, and XLM Among Top Markets After Posting Gains Upwards of 20%
Over the past seven days, litecoin (LTC) has gained 20.37% to trade for $57. The rally saw LTC overtake EOS as the fourth largest crypto asset and is currently posting a market cap of $3.47 billion. When measured against BTC, LTC is trading for 0.0143 BTC after gaining 14.61% over the past week. Approximately $1.77 billion LTC has changed hands over the last 24 hours.
Of the top 25 crypto assets by capitalization, binance coin (BNB) was the top gaining market of the last seven days, currently priced at $14.55 after gaining 28.28% this past week. When measured against BTC, BNB is trading for 0.0037 BTC after rallying 23.33%. BNB is the seventh-largest crypto asset with a capitalization of $2.05 billion. Roughly $160 million worth of BNB has been traded during the last 24 hours.
Stellar (XLM) has posted a weekly gain of 19.89%, currently trading for $0.1. When measured against BTC, XLM is priced at 2,587 satoshis after gaining 16.85% over the last seven days. XLM is the ninth largest cryptocurrency with a market cap of $1.94 billion. Nearly $209 million in XLM has changed hands during the last 24 hours.
What do you think BTC will be trading for this time next month? Share your thoughts in the comments section below!
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