After maintaining largely stagnant price movement, the collective crypto-market seems to be enjoying a massive run, at press time. Following the news about Bitcoin crossing the $6,000-market, almost all altcoins witnessed a sharp turn of events as the market momentum reversed and pushed the coins by significant amounts to break immediate resistances.
At press time, the top three altcoins painted green were Bitcoin Cash, Litecoin and EOS as they managed to surge by over 5% within a matter of minutes as they followed Bitcoin’s price movement.
Bitcoin Cash [BCH]
Bitcoin Cash, the fourth largest cryptocurrency on CoinMarketCap, was seeing a massive surge of 8.20%, at press time. Following the surge, the coin was valued at $295.43, with a market cap of $5.24 billion. The Bitcoin hard fork registered a 24-hour trading volume of $1.96 billion and was up by 6.54% over the past day. With the surge, the coin seems to have left bears behind and was up by 10.70% over the week.
OEX held 10% of the total BCH trade volume via the BCH/USDT pair, registering $202 million in volume. The second spot was held by LBank, which accounted for $197 million in trading volume via the BCH/BTC pair.
Litecoin, following BCH closely, was hiking by 7%, at press time. The fifth largest cryptocurrency was moving in tandem with Bitcoin and was valued at $79.95. The silver coin held a market cap of $4.92 billion and registered a 24-hour trading volume of $3.76 billion. The coin held on to its earlier highs and was up by 8% over the day. The coin also followed Bitcoin Cash in abandoning the bear market and was up by 10% over the week.
Coineal held 14.85% of the 24-hour trade volume of Litecoin, registering $633 million in volume via the LTC/BTC pair. Coinall was second on the list and held $253 million in trade volume via the LTC/BTC pair.
EOS, the sixth largest cryptocurrency,…