Bitcoin which was moving sideways in a small range near $3900, finally broke the $4000 resistance gaining 3% on the daily. The sideways movement of the market in the past week had left the traders uncertain, regarding the direction of the next big move in the Bitcoin price. However, a break above the range might suggest that bulls have taken control.
The total altcoin market capitalization (excluding Bitcoin) has gained 4.5% on the daily. Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH) are leading the altcoin market gains. The total market capitalization of cryptocurrencies broke the $140 billion-mark first time in 2019.
Altcoin Market Cap Excluding Bitcoin
Bitcoin Cash (BCH) and Litecoin (LTC) Amongst Top Gainers
Bitcoin Cash, the hard fork of BTC, is the leading the altcoin gains with a 17% rise on the daily index. The price of Bitcoin on 16 March 7: 00 am UTC is $157 trading higher from $133.3 on March 15, 2019.
LTC/USD chart on Coinmarketcap
Litecoin (LTC) is also nearing double-digit gains on the 24-hour timeline. It has gained 9% since yesterday trading above the $60 resistance at $61.95. LTC fundamentals and technicals have predicted affirmative action on the cryptocurrency since February 2019.
Top Dapps Platforms
Ethereum, Tron and EOS, the platforms with the most abundant Dapps on their Blockchain also gained considerably taking a cue from the market sentiments.
While Ethereum recorded a rise of 6.3% on the daily, EOS And TRON gained 5.38 and 3.66% respectively. Cardana (ADA) also rose by 7% as it sets sight on entering the top 10 cryptocurrencies by market capitalization.
XLM Retains its Gains, While XRP breaks-out?
Ripple’s XRP and Stellar Lumens (XLM) the two leading platforms providing seamless cross-border transfer of value to existing financial institutions also contributed to the total gains.