Cryptos see a widespread green, but the total market remains close to the 3 month minimum


12 August: the crypto markets are witnessing solid gains today in a new recovery attempt following recent losses.

The Bitcoin domain (BTC) – or the total encryption rate of the Bitcoin market – continues to see a record percentage of 2018, close to 50.9 percent. After the main currency was disengaged from the broader market yesterday – keeping its gains while others scrambled – healthy growth has now been distributed in almost all major cryptocurrencies, as shown in the Coin360 data.

  Market Display by Coin360

Market Display by Coin360

Bitcoin (BTC) is trading at around $ 6,310 at the time of printing, up a strong 3.45 percent of the day, according to Cointelegraph's Bitcoin price index. The highest coin saw a 24-hour high of $ 6,455, but failed to overcome the $ 6,500 resistance, trading sideways within $ 6,300 -400 range for the most part today. After a brief dip down around $ 6,209, Bitcoin has recovered in a couple of hours before the printing time to hold just above the $ 6,300 price tag. Weekly losses remain at around 10 percent, whil and in the month Bitcoin increased by 1.42%

 Bitcoin 24-hour price chart "src =" https: //s3.cointelegraph. com / storage / uploads / view / b24eae48133d6cc346f402f413a491bc.png "title =" Bitcoin 24-hour price chart "/> </p>
<p dir= Bitcoin 24-hour price chart Source: Cointelegraph Price Index

Ethereum (ETH) is currently trading around $ 322, with a solid 5.31% on the day Yesterday after a $ 306 fall in the evening trading hours, the altcoin saw a strong push towards the high to test the $ 330 mark.These fleeting attempts to break at a higher price have failed to keep, and the altcoin has since risen to the $ 320 mark. The losses of Ethereum on the weekly chart are of little more than 20%, with even heavier monthly losses, almost 25%

 The Ethereum 24-hour price chart [194] 59020] </p>
<p dir= Ethereum 24-hour price chart Source: Ethereum Cointelegraph price index

On the CoinMarketCap listings, all of the 25 major cryptographic assets by market capitalization are seeing a healthy green color, with gains that increase by about 5-6%.

Among the top ten coins by market capitalization, Stellar (XLM) and Litecoin (LTC) are growing, both have seen growth of almost 6% on the day.

Although a Facebook spokesperson has denied rumors that the social media giant was considering a potential partnership to build a Facebook variant of a stellar blockchain, the However, the asset is driving a positive moment, which has It has been particularly strong on the XLM / USD chart.

 Stellar 24-hour price chart "src =" "title =" Stellar 24-hour price chart " /> </p>
<p dir= Stellar 24-hour price chart Source: CoinMarketCap

Another leading player among the top ten coins is Monco (XMR) anonymised, in 10th place by capitalization market share, almost 4% and valued at about $ 93.66 at the time of printing.

the first twenty coins by market capitalization, IOTA (MIOTA), number 11, increased by 4.44% and traded at $ 0.54 at the time of the press As seen through the crypto markets, the altcoin is still down on its weekly chart, but has seen a surge of momentum towards the top since the evening trading hours l & # 39; # 39; August 11.

 IOTA 24-hour price chart "src =" https: // /e56ecfd39797ea82bae9503516d89d0c.png "title =" IOTA 24 hour price chart "/> </p>
<p dir= IOTA 24 hour price chart Source: CoinMarketCap

Still in the context of the first twenty coins classified, NEO and Tezos (XTZ) are seeing stronger than average growth, both around 4%.

As noted, for the second day in a row, Bitcoin's share of the total Cap market is over 50 percent and pushes to 51 percent at the time of the press. BTC's domain has been steadily increasing in mid-May, while according to encrypted Ethereum has seen a downward trend in the month in terms of total cap share market, up to about 15 percent today.

 Three-month cryptocurrency chart by domain

Three-month cryptocurrency chart by domain. Source CoinMarketcap

The total market capitalization of all cryptocurrencies is about $ 214.7 billion at the time of printing, close to the lowest levels of the three-month chart, which touched only the lowest points in the last two days and slightly higher than yesterday's minimum around $ 207 billion. Compared to $ 410.6 billion in mid-May, the market is falling bearishly to a 50% decline.

 3-month chart of total market capitalization "src =" /storage/uploads/view/3d6d959619c90793b235017ba86be5ae.png "title =" 3-month chart of market capitalization total "/> </p>
<p dir= 3-month chart of the total market capitalization of all CoinMarketCap cryptocurrencies

Alongside the retail and institutional HODLer, crypto miners are feeling the pinch of the protracted bear market Analysts They predicted this week that Nvidia's graphics processing units (GPUs) will see a decline in revenue from sales of encrypted hardware, which accounted for more than 9 percent of total revenue in its Q1 2018 report.

Meanwhile, the director of the US financial crime network (FinCEN) this week revealed that the agency has experienced a surge in suspicious activities related to cryptography related R eports (SAR), which now reportedly exceed 1,500 in number per month.

This increase was presented as a positive indicator, with the director stressing that compliance with regulatory obligations is increasingly important as "damage can be done with devastating increase in speed, breadth and darkness in the digital world." [19659030] window.fbAsyncInit = function () {FB.init ({appId: & # 39; 1922752334671725 & # 39 ;, xfbml: true, version: & # 39; v2.9 & # 39;}); FB.AppEvents.logPageView (); }; (function (d, s, id) {var js, fjs = d.getElementsByTagName (s) [0]; if (d.getElementById (id)) {return;} js = d.createElement (s); = id; js.src = ""; fjs.parentNode.insertBefore (js, fjs);} (document, & # 39; script & # 39 ;, & # 39; facebook-jssdk & # 39;)); [ad_2]Source link