The Bulls Are Back! Today's Crypto Report
#Bitcoin (BTC) is up over $1,000 in just two days with many of the top 100 coins also seeing nice gains. Market analysts say new money coming into the market could have created a short squeeze, forcing traders who bet against bitcoin to buy the digital currency to cover their losses. Bitcoin is currently up 1.10% over the past 24 hours and is trading at $7,405.50 on Coinbase. The next resistance levels it's eyeing are at $7,750 and $8,000. The 200-day moving average is trading at $9,575 which would serve as the next resistance. In terms of volume, it has reached a 3-month high which points to signs that the current move is here to stay. Stellar Lumens (XLM) overtook Litecoin (LTC) to become the 6th largest coin by market cap size. The cryptocurrency markets are up 0.34% over the past 24 hours with the total market cap sitting around $292 billion.
Here's what's going on in the crypto markets today;
Top cryptocurrencies by market cap:
#Ethereum (ETH) is down 3.38% and is currently trading at $485.59
#Ripple (XRP) is down 2.97% and is currently trading at $0.493218 #Bitcoin Cash (BCC) is up 0.63% and is currently trading at $853.39 #EOS (EOS) is down 0.28% and is currently trading at $8.75 #Stellar (XLM) is up 14.18% and is currently trading at $0.285706
#Litecoin (LTC) is down 0.44% and is currently trading at $89.04
#Cardano (ADA) is up 8.61% and is currently trading at $0.183538
#IOTA (MIOTA) is down 2.72% and is currently trading at $1.11
#Tether (USDT) is down 0.04% and is currently trading at $1.00
#Tron (TRX) is up 1.73% and is currently trading at $0.040554
#NEO (NEO) is down 2.49% and is currently trading at $38.50
Today's top % gainers:
#Proxeus (XES) is up 64.94% and is currently trading at $0.060631
#vTorrent (VTR) is up 51.07% and is currently trading at $0.087714
#Bitcoin Diamond (BCD) is up 41.95% and is currently trading at $3.09
#Universal Currency (UNIT) is up 30.77% and is currently trading at $0.266066
#Ardor (ARDR) is up 29.18% and is currently trading at $0.224542
Today's biggest % losers:
#HollyWoodCoin (HWC) is down 30.28% and is currently trading at $0.316886 #Super Bitcoin (SBTC) is down 25.30% and is currently trading at $7.16
#RealChain (RCT) is down 25.01% and is currently trading at $0.040592
#Rhenium (XRH) is down 24.66% and is currently trading at $0.026046
#Profile Utility Token (PUT) is down 23.39% and is currently trading at $0.067715
