19 August: the crypto-market picture shows signs of recovery after the great market collapse last week, but the momentum has not yet sufficiently mobilized to indicate a categorical inversion of the bear market.
On August 17, the first major attempt to overthrow fortune occurred, but these gains have not been widely consolidated. At the time of the press, Bitcoin (BTC) traded below the price of $ 6,500 and Ethereum (ETH) fell below $ 300.
Most cryptographic assets see modest or solid gains of 1 % -5% on the day, as Coin360 data show, with the top 20 coins up to 16%.
Market Display by Coin360
Bitcoin (BTC) currently sees hardly any change in the last 24 hours at the time of printing, trading around $ 6,380, according to the # 39; Cointelegraph's Bitcoin price index. the bullish but short-lived upward peak versus the $ 6,500 could not hold up, and the currency saw a slide up to $ 6,330 today. While it has since stemmed its losses, Bitcoin has failed to break above $ 6,500, seeing a jagged recovery for trade within the $ 6,400 range.
In the week, Bit currency only increased by half a percent, but monthly losses remain at 14.56 percent.
Bitcoin's 7-day price chart. Source: Cointelegraph Price Index
Ethereum (ETH) traded just under $ 400 at the time of printing to $ 395, up about 1.85% on the day. The altcoin top aimed at a temporary and gradual hike to $ 300 in the last 24 hours, trading at $ 285 at the start of the period. Nevertheless, yesterday's strong momentum to exceed $ 310 has not been re-attempted today.
Ethereum losses on its weekly chart are around 8 percent; in the month, assets fell by 37%.
Since it crashed below $ 300 on August 13th, Ethereum continues to trade at a price not seen from the beginning of November 2017.
The 1 Year Pricing Table of Ethereum Source: Cointelegraph Ethereum Price index
Almost all the other top ten coins on the CoinMarketCap lists are in the green, with the exception of Stellar (XLM) and Monco (XMR) Anonymity, both down by less than 1%
In the context of the first twenty coins, IOTA (MIOTA), in 11th place, saw an upswing of 11.6% at day to trade at $ 0.53 at the time of the press. Despite the collapse during last week's market crash, the altcoin almost closed or his losses on his weekly chart.
IOTA's 7-day chart. Source: CoinMarketCap
VeChain (VET), in 19th place, saw a sharp 16% peak trading at $ 0.014 at the time of the press, reversing its morning crash yesterday, August 16th.
Tezos (XTZ), ranked 18th, achieved strong growth of almost 4 percent a day to trade at $ 1.37 at the time of printing. The weekly Tezos chart shows a busy week of gradual gains – in contrast to the parabolic volatility that characterized the attempts to recover other cryptosites in the wake of last week's market crash.
The dominance of Bitcoin (BTC) – or the share of Bitcoin of total cryptographic market capitalization – is slightly down from the week, now at 51.6 percent BTC's dominance has been on the rise since mid-May, while on August 14 it rose 54.6 percent, reflecting the relative resilience of Bitcoin compared to the staggering price drop of Ethereum and other altcoins.
1 -monesimo graph of criptovalute by domain. Source CoinMarketcap
The total market capitalization of all cryptocurrencies is about $ 213.4 billion at the time of printing, from its fall to less than $ 189 billion in August.
7-day chart of total market capitalization of all CoinMarketCap cryptocurrencies
While the market remains shaky since crashed last week, new research by analysts at Bernstein suggested this week that revenue generated by cryptocurrency trading through transaction fees alone could double to hit $ 4 billion in 2018.