Markets Update: BNB, LTC, and XLM Pop, Top Cryptos Consolidate

March 11, 2019
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This past week’s action has seen most leading markets produce little volatility, with the cryptocurrency meta-trend appearing to comprise consolidation while traders wait to see whether BTC can break above $4,000 for the third time in 2019. However, among the top 10 crypto assets by market cap, LTC, XLM, and BNB have been able to defy the meta-trend to produce seven-day gains of approximately 20% or higher.

Also Read: Niall Ferguson Retracts Critical Appraisal of Crypto and DLT

Leading Markets Post Slight Weekly Gains as BTC Tests Resistance at $4,000

Most top crypto assets have produced sideways consolidation this past week, with most of the top 15 cryptocurrencies by market cap posting a gain of between 3% and 5% for the past seven days.

As of this writing, bitcoin core (BTC) is trading for $4,000 on Bitfinex and $3,900 on Bitstamp, with traders anxiously awaiting to see whether BTC can break resistance to trade above $4,000 for the third time this year. BTC is up 3.76% in seven days. Approximately $9.6 billion worth of BTC has changed hands in the last 24 hours. BTC currently has a market cap of $69.45 billion.

BTC – 7D Performance

Bitcoin cash (BCH) is trading for $131.66 after gaining 3.08% this week. When measured against BTC, BCH has made virtually no movement in price, currently priced at 0.033 BTC. BCH is the sixth-largest crypto asset with a market cap of $2.31 billion. Roughly $272 million worth of BCH changed hands over the last 24 hours.

BCH – 7D Performance

Ethereum (ETH) is currently trading for $136 after gaining 5.46% over the last seven days. When measured against BTC, ETH has gained 1.61% this week to trade for 0.0346 BTC. ETH is the second largest crypto asset with a capitalization of $14.37 billion. Roughly $4.45 billion worth ETH has been traded over the past 24 hours.

ETH – 7D Performance

XRP is up 1.48% this week, currently trading for $0.31. When measured against BTC, XRP has lost 2.1% during the last seven days to trade for 7,932 satoshis as of this writing. XRP is the third largest cryptocurrency with a market cap of roughly $12.9 billion. $619.55 million worth of XRP trade took place during the last 24 hours.

XRP – 7D Performance

LTC, BNB, and XLM Among Top Markets After Posting Gains Upwards of 20%

Over the past seven days, litecoin (LTC) has gained 20.37% to trade for $57. The rally saw LTC overtake EOS as the fourth largest crypto asset and is currently posting a market cap of $3.47 billion. When measured against BTC, LTC is trading for 0.0143 BTC after gaining 14.61% over the past week. Approximately $1.77 billion LTC has changed hands over the last 24 hours.

LTC – 7D Performance

Of the top 25 crypto assets by capitalization, binance coin (BNB) was the top gaining market of the last seven days, currently priced at $14.55 after gaining 28.28% this past week. When measured against BTC, BNB is trading for 0.0037 BTC after rallying 23.33%. BNB is the seventh-largest crypto asset with a capitalization of $2.05 billion. Roughly $160 million worth of BNB has been traded during the last 24 hours.

BNB – 7D Performance

Stellar (XLM) has posted a weekly gain of 19.89%, currently trading for $0.1. When measured against BTC, XLM is priced at 2,587 satoshis after gaining 16.85% over the last seven days. XLM is the ninth largest cryptocurrency with a market cap of $1.94 billion. Nearly $209 million in XLM has changed hands during the last 24 hours.

XLM – 7D Performance

What do you think BTC will be trading for this time next month? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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The post Markets Update: BNB, LTC, and XLM Pop, Top Cryptos Consolidate appeared first on Bitcoin News.

https://news.bitcoin.com/markets-bnb-ltc-xlm-pop/

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