Bitcoin [BTC] has been relentless as it continued to rise five days in a row breaking past another important level at $6500 in the same week. The altcoin gains on a daily scale suggested that the gains from Bitcoin have started pouring into the altcoins as well as they tested key support levels.
The price Bitcoin [BTC] at 4: 00 Hours UTC on 11th May 2019 is $6581. While the market dominance of Bitcoin stayed above 58%, the rise on altcoins pushed the market towards $200 billion MCap. The total market cap of Bitcoin alone added more than $5 billion in a day.
Litecoin [LTC], Bitcoin Cash [Cash] and Ethereum [ETH]
Litecoin [LTC] gained over 2% higher than Bitcoin on a daily scale. The price of Litecoin [LTC] at 4: 00 Hours UTC on 11th May 2019 is. It is also testing key Support and Resistance level near $78.
LTC/USD 1-Day Chart on Coinbase (TradingView)
Bitcoin Cash [BCH] and Ethereum [ETH] gained along with Bitcoin’s wave as the Hodlers seemed to hold their position. The price of Ether and BCH gained 3.20% on a daily scale.
Monero (XMR) also gained slightly above Bitcoin [BTC] on a daily scale by 3%. It also tested the key resistance level at $70.
XMR/BTC 1-Day Chart on Kraken (TradingView)
Basic Attention Token (BAT) Gains Big
Basic Attention Token gained higher than almost all the cryptocurrencies on a daily scale. It gained over 25% on a daily scale as it wiped out the losses during the week.
BTC/USDC 1-Day Chart on Coinbase (TradingView)
XRP’s Resilience at $0.3 was surprising as the cryptocurrency was unbudged from price.