Top Cryptocurrencies Sees Strong Gain On Sunday, Bitcoin Rebounds To $8,000

by | May 20, 2019 | Cryptocurrency, Cryptocurrency News

Bitcoin | Cryptocurrency | XRP | Ethereum | Bitcoin Cash

After a somewhat scary step-down, Bitcoin(BTC) along with most of the top 20 cryptocurrencies rebounded reporting moderate to notable gains on Sunday, 19th May. The flagship cryptocurrency Bitcoin pushed just below the $8,000 mark again, after a sharp correction on May 17 that followed almost a week of massive growth.

Bitcoin

Looking at the weekly chart of BTC, the token went up close to 11%, as per CoinMarketCap’s data.  Luke Dashjr, a bitcoin core developer published a dedicated analysis that more than half of the full nodes in the bitcoin network are still running client software vulnerable to an inflation bug discovered in September 2018.

Bitcoin 7-day price chart. Source: CoinMarketCap

Ether

Holding onto its position, Ether (ETH) has the largest altcoin by market cap, which currently stands at $26.83 billion. As per CoinMarketCap data illustrates that ETH is up over 7% over the last 24 hours, trading around $252 at press time.

Ether 7-day price chart. Source: CoinMarketCap

XRP

The second-largest altcoin XRP has a market cap of $16.9 billion at press time. It went up about 7% over the last 24 hours and is currently trading at around $0.40. On the week, the coin is up over 28%.

XRP 7-day price chart. Source: CoinMarketCap

Total market capitalization

Amidst, top 20 cryptocurrencies bitcoin cash (BCH) and dash (DASH), reported two-digit gains went up by 13% and 10% respectively.  At press time, the total market capitalization of all cryptocurrencies is currently at $247.8 billion, over 18% higher than the value it reported a week ago.

Total market capitalization 7-day chart. Source: CoinMarketCap

Read more: As Per Kik CEO, Ted Livingston The Firm Spent Over $5 Million On Negotiations With US SEC

Image source – Unsplash.com

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