Market Watch: Are The Bulls Back In Town? Bitcoin Breaks Above $8,100
After facing a strong resistance near the $8,000 level for several days, the bulls have resurfaced, pushing the price of Bitcoin above $8,120 against the US dollar. Analysts like Barry Silbert of Digital Currency Group believe that this breakthrough marks the end of the crypto winter and ushers in “crypto spring.” At the time of this writing, the cryptocurrency marks a 1.57% gain on the day with its prices hovering around $8,106.
All top ten coins, except Litecoin, are also seeing positive price movement today with ETH and XRP trading at $258 and $0.402 respectively.
The total market cap is ~$261 billion | Bitcoin’s market cap is ~$143 billion | BTC dominance at 55.1%
Major Crypto Headlines
Visa Looks To Remove Correspondent Banks In Cross-Border Payments. Will It Affect Ripple (XRP)? Recent reports revealed that VISA has launched a new network called “Visa B2B Connect” to eliminate the services of middlemen in cross-border payments, but will this affect Ripple?
John McAfee’s New Crypto Trading Platform ‘Magic’ Goes Live. The cybersecurity expert and crypto influencer has reportedly launched his own non-custodial cryptocurrency exchange platform dubbed “Magic.”
Silicon Valley to Host Justin Sun’s $4.6 Million Lunch with Buffet. The historic lunch, which is supposedly an opportunity to change traditional billionaire investor Warren Buffett’s criticisms on cryptocurrencies and blockchain, will happen in Silicon Valley, the heartland of tech.
Market’s Most Significant Gainers And Losers
Equal (EQL) is seeing massive gains today. The cryptocurrency is trading at its highest price since it was first announced in January 2018. The price rally started after the altcoin was listed for trading on Binance DEX last week. EQL is currently trading at $0.011 with a market cap of $4,612,331 at the time of this writing.
Alpha Token (114.18%)
Alpha Token (A) is also on a tremendous upward streak and was able to hit an all-time high of $0.042 about three hours ago. Although the token is currently trading at $0.019, it is still seeing over 114% gains against the USD in the last 24 hours. The altcoin has a daily volume of $2,615,616 across all exchanges and a market cap of $496,915.
Maximine Coin (MXM) (-41.01%)
Maximine Coin (MXM) saw a sharp decline against the US dollar during today’s trading session. MXM has lost 40.87% of its value on the daily charts and is now trading at $0.039.
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