The total crypto market cap added more than $10.0B recently and broke the $130.0B resistance.Litecoin (LTC) price gained momentum and broke the $45 and $47 resistance levels.Bitcoin cash price rallied close to 15% and tested the $150 resistance area.Tron (TRX) price managed to climb back above the $0.0250 resistance zone.Stellar (XLM) price is slowly correcting higher towards the $0.0880 and $0.0920 levels.The crypto market extended gains, with bullish moves in bitcoin (BTC) and Ethereum (ETH). Besides, litecoin, ripple, bitcoin cash, tron (TRX), stellar (XLM) and other altcoins also gained traction.Bitcoin Cash Price AnalysisBitcoin cash price started a solid upward move recently and broke the $130 resistance against the US Dollar. The BCH/USD pair gained traction and surpassed the $140 and $145 resistance levels. The price is up close to 15% and it recently tested the $150 resistance level.At the moment, the price is correcting lower towards the $146 and $145 support levels. The mains support on the downside is at $142 and the key resistance on the upside is at $150 and $155. In the short term, there could be a downside correction before a fresh wave towards $155.Litecoin (LTC), Tron (TRX) and Stellar (XLM) Price AnalysisLitecoin price also moved higher and broke the $45 resistance area. LTC is up around 7% and it recently broke the $47 resistance. It seems like the current price action is positive, with chances of more upsides above the $48 and $50 resistance levels. On the downside, the key supports are visible near $46 and $45.Tron price formed a support base near the $0.0240 level and later started an upside correction. TRX price moved above the $0.0250 resistance, opening the doors for a decent recovery. The next major hurdles for buyers are $0.0255 and $0.0262 in the near term.Stellar price also started an upside correction and moved above the $0.0800 resistance. XLM price is currently trading above $0.0840 and it could soon test the $0.0880 resistance level. The main resistance is at $0.0920, above which it could test the $0.1000 resistance zone.Looking at the total cryptocurrency market cap hourly chart, buyers gained control above the $120.0B and $121.0B resistance levels. The market cap rallied and broke the $125.0B and $130.0B resistance levels. A high was formed near $131.0B and it is currently correcting lower. However, there is a strong support formed near the $126.0B level and a bullish trend line on the same chart. On the upside, the main resistances are $130.0B and $132.0B, followed by $135.0B. Therefore, dips remain supported in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX and other altcoins in the coming sessions.
Ripple price followed Ethereum and bitcoin to move into a bullish zone above $0.3100 against the US dollar.Buyers gained traction above the $0.3100 and $0.3150 resistance levels before sellers appeared near $0.3290.There is a key bullish trend line formed with support near $0.3140 on the hourly chart of the XRP/USD pair (data source from Kraken).The price is currently correcting lower, but it remains supported above $0.3160 and $0.3140.Ripple price jumped above key resistance levels against the US Dollar and bitcoin. XRP/USD is now trading with a positive bias and it could continue to rise towards $0.3300 and $0.3400.Ripple Price AnalysisAfter a solid upward move in Ethereum and bitcoin, ripple price finally gained traction above $0.3050 against the US Dollar. The XRP/USD pair started a decent uptrend and broke the $0.3000 and $0.3060 resistance levels. The pair moved into a bullish zone above the $0.3100 resistance and the 100 hourly simple moving average. Buyers took control above the $0.3100 level, resulting in gains above the $0.3150 and $0.3200 resistance levels. The price traded close to the $0.3300 resistance and a new weekly high was formed at $0.3292.Later, there was a sharp downside correction below $0.3260 and $0.3240. Besides, there was a break below the 23.6% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. The decline was such that the price tested the $0.3160 support area. An immediate support is near the $0.3150-0.3160 zone. It represents the 50% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. More importantly, there is a key bullish trend line formed with support near $0.3140 on the hourly chart of the XRP/USD pair.Therefore, buyers are likely to take a stand near the $0.3160 and $0.3150 levels. If there are additional declines, the price could test the $0.3110 support. It coincides with the 76.4% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. The mains support is near the $0.3095-0.3100 zone (the previous resistance). To the topside, an initial resistance is at $0.3220, above which the price may rise towards $0.3260.Looking at the chart, ripple price clearly moved into a bullish zone above $0.3100. However, buyers need to protect declines below $0.3100. If they fail, the price might move back in a bearish zone to $0.3000. This week, buyers could target the $0.3400 and $0.3500 resistance levels as long as the price is above $0.3095.Technical IndicatorsHourly MACD – The MACD for XRP/USD just moved into the bearish zone.Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is correcting lower towards the 50 level.Major Support Level – $0.3100Major Resistance Level – $0.3260
ETH price extended the recent rally and traded above the $144 and $148 resistances against the US Dollar.The price traded close to the $150 level and later started consolidating gains above $145.There is a major bullish trend line in place with support at $142 on the hourly chart of ETH/USD (data feed via Kraken).There could be a short term downside correction, but buyers remain in action above $140.Ethereum price posted solid gains against the US Dollar and bitcoin. ETH/USD tested the $150 resistance area and it may now correct lower before a fresh bullish wave in the near term.Ethereum Price AnalysisYesterday, we saw a nasty upward move from the $125 swing low in ETH price against the US Dollar. The ETH/USD pair rallied above the $130 and $136 resistance levels to move into a bullish zone. Later, buyers gained traction and pushed the price above the $140 and $142 resistance levels. There was a bearish reaction noted near the $148 level and the price dipped towards the $140 support. Sellers failed to gain momentum, resulting in a fresh upward move above the $145 and $148 resistance levels. It traded close to the $150 resistance and settled well above the 100 hourly simple moving average.At present, the price is consolidating gains above $145, with a few bearish moves. It broke the 23.6% Fib retracement level of the recent wave from the $134 low to $150 swing high. The last hourly candle is suggesting an increase in selling pressure below $150. However, there are many supports on the downside near the $145, $142 and $140 levels. More importantly, there is a major bullish trend line in place with support at $142 on the hourly chart of ETH/USD.If there is a break below the trend line, the price could test the $140 support area. It coincides with the 61.8% Fib retracement level of the recent wave from the $134 low to $150 swing high. Any further losses could spark an extended downside correction below $138 and $136. To the topside, the $148 and $150 levels are strong barriers for buyers in the near term.Looking at the chart, ETH price seems to be facing heavy offers near $150. Therefore, there could be a couple of swing moves above $140 before a fresh upward move. Above $150, the next target for might be $154 and $155.ETH Technical IndicatorsHourly MACD – The MACD for ETH/USD is currently in the bearish zone, but with a few bullish signs.Hourly RSI – The RSI for ETH/USD is currently correcting lower towards the 60 level.Major Support Level – $140Major Resistance Level – $150
Following an extended period of sideways trading for Bitcoin (BTC), it finally made a large upwards move and is now facing some levels of resistance around its current price. Bitcoin’s upwards swing today has allowed the entire cryptocurrency market to surge and represents the market’s second upwards price swing in the past couple of weeks.Now, analysts believe that Bitcoin will continue its ascent until it reaches roughly $4,100, where it may find increased levels of resistance.Bitcoin (BTC) Surges Towards $4,000At the time of writing, Bitcoin is trading up over 8% at its current price of $3,930. Yesterday, BTC drifted towards $3,600 before surging to its current levels. In addition to its price climbing, Bitcoin’s daily trading volume has surged to its current levels of approximately $10 billion, up significantly from its weekly lows of just under $6 billion.Luke Martin, a popular cryptocurrency analyst on Twitter, discussed BTC’s upwards price swing earlier today, noting that he is currently expecting $4,120 to be its next level of notable resistance.“Next $BTC daily resistance that I’m targeting is the 4120 area. This is previous range resistance from the area we traded in for most of Dec-January,” Martin explained.Next $BTC daily resistance that I’m targeting is the 4120 area. This is previous range resistance from the area we traded in for most of Dec-January. pic.twitter.com/SBfCyr2k5R— Luke Martin (@VentureCoinist) February 18, 2019Mr. Chief, another popular cryptocurrency analyst, shared a similarly bullish sentiment to Martin’s, noting that BTC holding above $3,900 for the rest of the day could lead it to “fly.”“If BTC can close above 3900, it will fly. Currently at channel trend resistance. I expect it to cool off here in the short term.”$BTC #bitcoinIf BTC can close above 3900, it will fly. Currently at channel trend resistance. I expect it to cool off here in the short term pic.twitter.com/MWHZ2W33tO— Mr Chief (@HaloCrypto) February 18, 2019Following the upwards move BTC experienced on February 8th, many analysts expected the cryptocurrency to form what is commonly referred to as a “Bart” formation, where Bitcoin – or any cryptocurrency – surges, trades sideways, and then goes right back down to its previous price levels.Despite this, Bitcoin’s ability to climb after its previous surge may signal that is has found a long-term bottom in the low-$3,000 region.Could the Bear Market Be Coming Towards an End? Although today’s upwards move is relatively small, and there still remains a long way before Bitcoin is even close to returning to its all-time-highs, its ability to hold the low-$3,000 region as a strong level of support is certainly positive from a technical perspective.Mayne, another popular analyst, spoke about the possibility of the markets beginning to climb from here on out in a recent tweet, importantly noting that technical biases can change rapidly.“We’ve had some bullish moves on $ETH, $BTC, and $alts over the last 2 weeks… Is the bear market over? Maybe, the fact of the matter is we are going up. Traders must see PA for what it is and can change bias quickly. If you have been stuck with a bearish lense you are missing out.”We’ve had some bullish moves on $ETH, $BTC, and $alts over the last 2 weeks.Is the bear market over? Maybe, the fact of the matter is we are going upTraders must see PA for what it is and can change bias quickly. If you have been stuck with a bearish lense you are missing out— Mayne (@Tradermayne) February 17, 2019If the markets continue to climb over the coming week, traders and investors alike may gain greater insight into whether or not the low-$3,000 level is truly a long-term bottom.Featured image from Shutterstock.
The current crypto winter and bear market has been brutal for Bitcoin investors who are now underwater, but it’s been even worse for many altcoin holders.
Since the QuadrigaCX story has crossed paths with the world’s largest business and crypto news outlets, seemingly little attention has been given to this debacle’s victims. Outlets, such as Bloomberg, CNN Business, among others, refer to the creditors as a “they,” making it tough to remember that there are crypto investors behind each lost dollar.But, the fact of the matter is that there are thousands, if not tens of thousands of victims, who are wallowing and sulking, as many lost thousands in fiat and Bitcoin holdings. Yet, some have done their utmost to push the envelope, clamoring to get their stories pushed to press in a bid to spark some much-needed action in Canadian courts.Tong Zou, a Canadian-born Silicon Valley engineer that recently upped and left for Vancouver, took to Youtube recently to issue a heartfelt tell-all about how he got caught up in this whole imbroglio.How Tong Zou Lost $422,000 Trading Bitcoin On QuadrigaAs reported by NewsBTC, Tong gave a brief synopsis of his harrowing story to Bloomberg in an exclusive phone interview. Long story short, when the engineer chose to repatriate to Canada, Tong decided to move his funds from his American to his Canadian bank account through QuadrigaCX, rather than traditional means. But when he deposited his $422,000 worth of Bitcoin on the exchange to issue a Canadian dollar denominated withdrawal,But according to a recent Youtube tell-all, his comments to Bloomberg were just the tip of the iceberg.
He explained that in late-2017, his Silicon Valley peers were cashing in on the crypto craze, as he sat on the sidelines. But as the market peaked, he FOMOed in, taking out three self-described “stupid” loans from the bank to invest into cryptocurrencies, like Bitcoin, Ethereum, XRP, Cardano, among other popular assets.
Tong accentuated the fact that he “lost a lot of money,” but did his utmost to amend his loan situation by allocating half of his paycheck to slowly satisfy his debts. Eventually, the developer decided that to pay his loan in full, he should liquidate his entire position in a Bay Area apartment. And that he did, leaving him with approximately $400,000 and no outstanding debts.
As he already had plans to move to Vancouver, where QuadrigaCX is purportedly located, Tong started to look into ways to move his capital into Canadian banks quickly, so he could take advantage of what he thought were good exchange rates. Eventually, he decided on QuadrigaCX, as the exchange not only had a 10% risk premium (red flag), but the ability for Tong to make investments that could make his savings appreciate too.
Emotionally, the former BitTorrent developer thrust his money onto the exchange, which he now acknowledges as a “Ponzi scheme,” in hopes of making money due to QuadrigaCX’s premium.
Yet, months later, we now know that Tong never got his withdrawal. But interestingly, the Ontario-born Canadian claimed that he “deserved to lose the money,” explaining that he was reckless, greedy, and impatient with this whole situation. He even explained that in his eyes, money isn’t the key to happiness. But, this didn’t discount the fact that QuadrigaCX’s sudden closure lost him his life savings, putting him between a rock and a hard place.
What’s Next For The QuadrigaCX Victims?
Tong’s statements were ones made by someone with no hope. But, some believe that creditors still have a chance, albeit slim, at recuperating their millions in losses, or at least a portion of them.
While ~$150 million in assets were reportedly lost to the ether, there’s a chance that the owed sum — QuadrigaCX’s crypto asset debts — are much lower than that jaw-dropping figure. And with Jennifer Robertson, Cotten’s wife, looking to liquidate much of her estate’s assets, there’s a fleeting chance that payments, whether in crypto or fiat, may start to come the way of victims.
Per a copy of Cotten’s most recently will, which was signed a mere two weeks prior to his Crohn’s disease-induced death in India, primary beneficiary Robertson was left with a copious amount of assets.
In fact, the will stipulate that should he pass, his wife was to be left with a Jeanneau 51 sailboat, purportedly sold for $500,000 Canadian, vehicles, an aircraft, along with a handful of pieces of real estate scattered across Canada. These assets are likely worth well in excess of $10 million Canadian.
But even if the court rules that the fiat received from the sale of Robertson’s assets should be fully allocated to the victims’ pockets, which could be unlikely, this process could take upwards of one year. That’s the M.O. of the legacy court system anyway.
Yet, the victims of this fracas are still grasping the ring they were thrown. Only time will tell whether they will sink or stay afloat.
Featured Image from Shutterstock
Bitcoin (BTC) may be struggling price-wise, but an array of analysts claim that from a fundamental perspective, the cryptocurrency is stronger than ever. And while headlines have focused on impending institutional involvement, whether it be through Bakkt, Fidelity, ErisX, or otherwise, little attention has been drawn to Bitcoin’s network statistics.Interestingly, however, the latter set of fundamentals is where the meat is, so to speak.Bitcoin Mining EcosystemLeading crypto trader Thrillmex, who also goes by Rampage, recently took to Twitter to issue a breakdown of Bitcoin’s pertinent network statistics, and what they indicate.The analyst noted that per Blockchain.com data, miners’ aggregate revenues, determined through the dollar cost per Bitcoin transaction (currently at $18), are reaching two-year lows. Moreover, the transaction fee facet of mining revenues has reached a five-year low, with Thrillmex even dubbing this chart “brutal.”Bitcoin miners revenue is hitting a near 2 year low.This also means that it’s becoming super cheap to transact on the network again.Anyone remember the ridiculous fee’s and long wait times to transact in late 2017?Thread 👇/1 pic.twitter.com/XzKhex5kHq— 𝓡𝓪𝓶𝓹𝓪𝓰𝓮 🦍 (@Thrillmex) February 17, 2019In spite of this, however, the average daily transaction count on Bitcoin is nearing December 2017’s all-time highs, when BTC entered a “full-on parabola” stage. The number of Bitcoin wallets made on Blockchain.com has also swelled, with there now being 33 million verified users.Hashrate, arguably the most important statistic, save for transaction count, has also grown drastically. Since bottoming in December at 31 million terahashes per second, this figure has begun to steadily climb to 47 million terahashes, with Thrillmex claiming this indicates that “previous miners are holding strong, as new hash power is entering the market.”The dichotomy between waning miner revenues and the near-consistent growth in hashrate led Thrillmex to deduce that money is still getting siphoned into this space. And as such, he determined that the underlying Bitcoin blockchain is likely stronger than ever, in spite of the tumult that BTC has undergone. From a more anecdotal perspective, Thrillmex explained that as miners have the “most skin in the game,” no one wants to see Bitcoin succeed more than they do. Therefore, said entities will do everything in their power to maintain profitability.But Thrillmex made sure to remain cautiously optimistic. Ending his thread, the analyst noted that capital continues to pour into this space to build out infrastructure, but “without a corresponding user base.” Yet, he added that this only accentuates that Bitcoin holds a great risk, but monumental upside potential — an “asymmetric risk/return profile” as Anthony Pompliano of Morgan Creek Digital would put it.Related Reading: Crypto Investor Urges Consumers to Accumulate Bitcoin Before Halving, Rally Expected?But, Filb Filb begged to differ. The analyst noted that the use of the aggregate value of transaction fees in this context is moot, as 99% of a miner’s revenue comes from block rewards, rather than the transaction market. Anyhow, the fact remains that the Bitcoin Network’s hashrate is trending higher, even as BTC continues to trade in a tight range under $4,000.Don’t Fret, Fundamentals Are HereThrillmex’s recent comments come after Dan Held, a former product manager at Blockchain.com, remarked that in terms of bullish catalysts, Bitcoin is “as strong as ever,”Held, who founded Interchange, drew attention to the fact that despite the so-called “crypto winter,” Bitcoin is still seeing upwards of $1 billion in nominal transaction value each and every day. The long-time industry proponent added that the development of Bitcoin-centric scaling, privacy, and programmability protocols, like the Lightning Network, Taproot, and Rootstock, should have investors enthused.From a business-focused perspective, Held also noted that Bitcoin has garnered a stamp of approval from the Intercontinental Exchange, in the form of Bakkt, Fidelity Investments, among an array of other Wall Street mainstays.Lastly, he claimed that the fact government debts are continually establishing all-time highs day-over-day should have Bitcoin investors over the moon. For some context, MarketWatch recently reported that U.S. public debt surpassed $22 trillion. In response to this swelling statistic, the Peterson Foundation, an American financial services group that is focused on amending the nation’s economic issues, claimed that the fiscal situation is “not only unsustainable but accelerating.”While this isn’t an explicitly bullish catalyst for decentralized, digital money, some pundits have argued that Bitcoin provides an easy-to-use way out of the incumbent financial ecosystem.Travis Kling, the chief investment officer of Ikigai, recently quipped that Bitcoin is a perfect hedge against “fiscal and monetary policy irresponsibility.” He stated that the monumental rise of employed quantitative easing (QE) strategies, along with the growth of debt, is “how you would write the script” for the adoption of cryptocurrencies, especially ones that aren’t tied to the legacy world.Featured Image from Shutterstock
Ripple’s XRP token has lost momentum of late. A couple of weeks ago it was the second largest crypto asset by market capitalization by a good margin. At the moment it can’t seem to get out of second gear as Ethereum streaks ahead increasing its lead.In today’s market wide crypto rally XRP has only managed to eke out a 2% gain taking it to $0.307 at the time of writing. It is down over 5% on the month while others around it have been making better gains. There have been questions about XRP market cap and possible manipulation; it is currently being reported as $12.7 billion by Coinmarketcap.com. This is almost $2 billion behind Ethereum which is making good gains recently in the lead up to Constantinople at the end of the month.Is JPMCoin a Real Ripple Rival?The news last week that Wall Street giant JP Morgan intends to launch its own digital coin has drawn a big reaction in the crypto sphere. Many have said that this could be Ripple’s largest rival and may even spell the end for it;
“If it turns out that the Blockchain/Coin framework turns out to be a good one for banks transferring money around, then the JPM Coin should absolutely obliterate Ripple,” Bloomberg business editor Joe Weisenthal tweeted.
The arguments that the JPMCoin, which will be pegged to the dollar, could replace Ripple are strong. Tom Shaughnessy, principal at Delphi Digital, a crypto research boutique in New York, said; “This is a huge slap in the face for Ripple. Ripple’s target market is cross-border payments and remittances and now JPMorgan’s effort is a direct threat,”
The relevance of these comments really depends on the usage and purpose of the new stablecoin. The bank’s blockchain and digital treasury services head, Umar Farooq, explained;
“When one client sends money to another over the blockchain, JPM Coins are transferred and instantaneously redeemed for the equivalent amount of U.S. dollars, reducing the typical settlement time.”
This sounds remarkably similar to Ripple’s xRapid platform which uses XRP instead of a stablecoin. The difference being that JPMCoin being pegged to the dollar is stable whereas XRP prices are still highly volatile. There are a number of other major differences; Ripple’s system can handle multiple currencies and countries whereas JP Morgan’s will only be in USD for its institutional clients according to Forbes.
Both solutions are centralized but JPMCoin will run on a Quorum based private permissioned blockchain that is owned by the bank making it even more centralized than XRP. Naturally Ripple boss, Brad Garlinghouse, picked up on this tweeting last week;
As predicted, banks are changing their tune on crypto. But this JPM project misses the point – introducing a closed network today is like launching AOL after Netscape’s IPO. 2 years later, and bank coins still aren’t the answer https://t.co/39EAiSJwAz https://t.co/e7t7iz7h21
— Brad Garlinghouse (@bgarlinghouse) February 14, 2019
Banks will be reluctant to use public crypto assets for their own purpose preferring to keep a tight leash on any coin projects that that launch. The JPMCoin is just another service by the Wall Street bank whereas XRP remains a speculative asset that will continue to see those price fluctuations as the crypto industry evolves. It appears unlikely that another centralized stablecoin will do much damage to Ripple in the short term but the banks are likely to continue developing their own in house solutions rather than working with third parties which is a bit of a slap for Ripple.
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Crypto markets have started the week on a positive note with a $5 billion rally that has resulted in most tokens posting solid gains. The top performer at the moment however is Ethereum has it surges 12% and increases its lead over XRP in third.Ethereum Beating Bitcoin on RecoveryCurrently outperforming every crypto asset in the top 25, Ethereum has pumped 12% over the past few hours to take it to $138. Conversely XRP has not enjoyed much attention in this current rally so the market cap gap between the two of them has now widened to almost $2 billion.Daily trade volume for Ethereum has also jumped from $2.8 billion to $4.7 billion after spending the past week hovering just above $120. Since its low for 2019 on February 6 of $103 Ethereum has made 34%. Bitcoin in the same period has only managed to gain 10% to its current levels.Ethereum momentum is likely to be driven by the approaching Constantinople hard fork which introduces a number of network improvements. The estimated date now is March 1 according to this countdown timer to block 7280000. There will be two events taking place, Constantinople introducing several Ethereum Improvement Proposals, and Petersberg to remove one buggy EIP.Some have speculated that the hard fork is actually bearish for Ether as postponing the difficulty bomb will result in a diminished supply reduction. The block reward adjustment buys a little more time until Proof of Stake is implemented with the Casper upgrade. At the moment though ETH is getting a solid boost as it heads towards $150.Ethereum Futures RevisitedErisX boss, Thomas Chippas, has recently revived interest in long awaited Ethereum futures by filing a letter to the US Commodity Futures Trading Commission (CFTC) outlining their importance for market health. The company, a designated contract market and pending derivatives clearing organization, has close ties to fintech industry giants such as Nasdaq, ConsenSys and TD Ameritrade and has largely been seen as a rival to Bakkt.“ErisX believes that the introduction of a regulated futures contract on Ether would have a positive impact on the growth and maturation of the market for Ether, as well as the Ethereum Network more broadly,” the letter stated.Chippas added that the CFTC has previously approved of Bitcoin related products and Ethereum is built upon some of the architectural principles of Bitcoin to extend its functionality. The letter continues to laud the benefits of Ethereum and how a regulated investment vehicle based upon it would ‘promote responsible innovation and development in the derivatives market.’Ethereum is showing the love today at least as it outperforms the top twenty five crypto assets by a clear margin.Image from Shutterstock
Market WrapCrypto markets moving on Monday; Ethereum is surging, BCH and Maker going strong, Tron and NEO are weak.Crypto markets are rallying this Monday morning as $5 billion gets pumped back in over the past 24 hours. The upward momentum began around nine hours ago and market capitalization has now surpassed $125 billion for the first time in a month.Bitcoin climbed to an intraday high of $3,740 a few hours ago before pulling back a little. It has broken through previous resistance levels at $3,650 to hit a new monthly high. At the moment BTC is showing a daily gain of 2.2% as it trades at $3,720.Ethereum is the clear winner in crypto land at the moment as it pumps 11% on the day to a high of $138. Hard fork fervor seems to be driving ETH prices as there is only ten days to go for the second attempt at Constantinople. XRP conversely is still weak, adding only 2% and falling back to widen the gap to $1.6 billion behind ETH.The top ten is all green during Asian trading today with Bitcoin Cash making the most after Ether at 6%. EOS gaining 3% has not been enough to retake fourth from Litecoin which hasn’t done much. Binance Coin continues to climb with another 3% on the day, while TRX is weak with no gains.Looking at the top twenty Maker continues its march with another 8% on the day taking MKR to $555. Cardano has made a rare pump of almost 4% and the rest are 2-3 percent higher on the day aside from NEO which has not moved.The big fomo in the top one hundred is going to WAX at the moment which has surged 40%. Close behind it is Ark pumping 30% as it gets integrated into Exodus wallets. There are no big dumps going on right now but Aurora is at the bottom of the list dropping 3%. All altcoins are generally performing well today.Total crypto market capitalization has expanded by $5 billion over the past few hours reaching a monthly high of $125 billion. Daily volume is also strong at $26 billion, its highest level in 2019. Ethereum is leading the rally right now as Bitcoin dominance drops to 52%.Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals