Tuesday, April 24, 2018

Recent moves in cryptocurrencies have once again brought the sector's market cap back above $400 billion

It is a very true axiom in the cryptocurrency sector that a rising tide lifts all boats.  And the recent moves up by Bitcoin in particular have raised the overall market cap for the cryptocurrency market back above $400 billion.

The bitcoin price has surged to $9,200 over the past 24 hours by recording an increase of around $400. It successfully maintained its momentum in the $9,000 region, which investors perceive as an important level that could lead the bitcoin price to enter the $10,000 in the short-term. 
Today, on April 24, some of the best performing altcoins include ICON (ICX), Ethos (BQX), EOS, and Kyber Network (KNC). All of these ERC20 tokens have recorded more than 10 percent gains against bitcoin which also recorded a solid gain of its own at around 3 percent. 
ICON’s daily trading volume has reached 15,500 BTC, with around 50 percent of that coming from the world’s largest cryptocurrency exchange Binance and the other 50 percent from South Korean cryptocurrency trading platforms Bithumb and Upbit. - CCN

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