Bitcoin Drives Crypto Currency Market Higher

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Photo by Andre Francois on Unsplash
Photo by Andre Francois on Unsplash

Crypto Currencies Market Goes Up

Of the 1,665 digital crypto currencies monitored, the past 24 hours saw total market gains of $936,996, as 753 currencies rose and 905 went down. The biggest impact on the market came from Bitcoin (BTC), Dash (DASH), Ethereum (ETH), Bitcoin Cash (BCH), and EOS (EOS).

Bitcoin

Bitcoin (BTC) swung between a high of $4,168.90 and a low of $4,010.00 ending twenty four hours of trading at $4,043. This equates to an increase of $906,562.00 in market cap. A month ago, bitcoin traded at . It has seen a 3.50% weekly increase, and in just the last hour bitcoin has fallen -0.02%. Currently there are 17,472,725 bitcoins in circulation, representing 83% of the final twenty-one million bitcoins that can be mined. 1,243,439 of these bitcoins were traded in the past 24 hours.
In January Bitcoin started the month at $3,750 and swung between $3,719 and $4,114, closing at $4,026 on January 08.

Top 20 Coins

Examining the top 20 crypto currencies (ranked by market capitalization), the top performers over the last 24 hours were TRON (TRX) 9.12%, Cardano (ADA) 7.69%, Dash (DASH) 5.74%, EOS (EOS) 5.17%, NEO (NEO) 3.57%, while the worst three performing were Binance Coin (BNB) -3.91%, Zcash (ZEC) -1.26%, Monero (XMR) -1.21%.

Crypto Market Winners and Losers

If we look across the 1,665 crypto currencies (that we track), the biggest short term winners were:

  • SounDAC (XSD), gained 2,919%, with a market cap of 1,073 Bitcoins.
  • BBSCoin (BBS), gained 360%, and sports a market cap of 131 Bitcoins.
  • Menlo One (ONE), gained 310%, and sports a market cap of 112 Bitcoins.
  • Azart (AZART), gained 277%, and sports a market cap of 6.00 Bitcoins.
  • Nerves (NER), gained 272%, with a market cap of 95 Bitcoins.

On the downside, the biggest losers were

  • Bolenum (BLN), lost 78%.
  • SHPING (SHPING), lost 62%.
  • IncaKoin (NKA), lost 58%.
  • Tracto (TRCT), lost 54%.
  • Olive (OLE), lost 53%.

Cryptocurrencies are traded day and night, so instead of covering a market session, we cover the last 24 hours of trading. Remember, prices on Cryptocurrencies can vary quite a bit across exchanges, so always check your local exchange for current rates.

SounDAC
SounDAC


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