BTC/USD Trades Hits $8,800 Level

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May 27, 2019 at 13:14 // News

The cryptocurrency market continues to show bullish price rally as almost all the top 100 digital currencies remain trading in the green, at press time, according to the coinmarketcap (CMC) data. Bitcoin (BTC/USD) is currently trading above $8,700 and shows a possibility of hitting and surpassing the $9000 price level, should we assume that the next bull is on the market’s door knocking.


BTC/USD 24h Price


After testing the $8,000 level last week,
Bitcoin has further traversed yet other crucial marks including the $8,200, $8,500 and $8,800, as crypto whales take its charge. As we talk now, the BTC/USD is standing at around $8720 with a positive 24-hour change of more than 10.5% and the market cap of over $154.567 billion. The BTC dominance is at 57.4% and the entire market cap of more than 2200 cryptocurrencies is sitting at over $269.844 billion, as per CMC data. 


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Actually, based on the daily trading prices of Bitcoin, the flagship crypto seems to have gained significant traction. In just 24-hours, BTC has managed to trade at around $8,858.53 high and also managed to maintain trading above the $7,500 resistance level with $7,533.2 being its low trading price. However, other major digital assets such as
Binance Coin ($34.57 2.01 percent),
EOS ($6.95 10.1 percent),
Litecoin ($113.81 12.63 percent),
Bitcoin Cash ($433.32, 8.52 percent),
Stellar Lumens ($0.1328, 6.08 percent),
Tether ($1.01, 0.49 percent), etc. are all having bullish trade margins. 


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ETH/USD 24h Price Analysis 


Ethereum, Bitcoin’s best rival is currently trading at around $267 with a green change of 7.4 percent, and the MC of over $28.376 billion and the daily volume of more than $10.722 billion.
Ether has also managed to trade above $270 level in the last 24 hours, and it low trading has been $247.25, showing a positive and increasing interest of Ether in the market. Following the current price trends of Ether, the crypto might even trade beyond the $300 mark soon. The second crypto by market capitalization also wants to recover and set another record better than that of January 13, last year when it traded at around $1,432. 


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XRP/USD 24h Price Analysis 


Ripple, the third crypto by MC globally, is also leaping big. At press time, XRP/USD is changing hands at almost $0.40799 with a positive 24h change of 6.91% and the market cap of over $17.183 billion, the daily trading volume of more than $2.19 billion.
Ripple is also showing hopes that it will break the $0.45 and $0.5, and even trade further as it did on January 4, 2018, when it traded at $3.84 (all-time-high). The 24h high and low of Ripple is $0.416621 and $0.379447 respectively. 


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The top gainers of today are
LINA which is trading at about $0.28568 with a uphill change of over 319% and MC of over $67.046 million,
Crypto.com (MCO) trading at $7.08 (+29.13 percent and MC of $111.84 million) and
Bitcoin SV which is changing hands at $115.03 (+27.36 percent, MC of $2.047 billion).

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