Crypto Market Overview: Bitcoin, Ethereum and Other Top Altcoins Remain in the Green, EOS Becomes Biggest Gainer


Crypto Market Overview: Bitcoin, Ethereum and Other Top Altcoins Remain in the Green, EOS Becomes Biggest Gainer
Contents

The cryptocurrency market is plateauing as Bitcoin is hovering above the $5,200 mark. EOS became is shaping up to be the best-performing asset inside the CoinMarketCap top 10.

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EOS gains 7 percent

All top cryptocurrencies (save for Stellar) have recorded modest gains over the last 24 hours. The BTC price is currently sitting at $5,233.87 with a tiny 0.10 percent price increase. Top altcoins, such as Ethereum, XRP, Litecoin, and Bitcoin Cash, also pretty much remained in limbo throughout the day.    

CMC: the top 5 biggest cryptocurrencies didn’t experience significant price movement
CMC: the top 5 biggest cryptocurrencies didn’t experience significant price movement

EOS stands out from the pack with more considerable price gains. Notably, the Coinbase Pro had practically no effect on the price of EOS with its price streak remaining pretty much intact throughout the day, but this most recent price uptick could be a sign of an ongoing bullish uptrend.

CMC: EOS becomes the best-performing asset while the broader market remains stable
CMC: EOS becomes the best-performing asset while the broader market remains stable

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More weeks of stability?

Back in December 2018, the price of Bitcoin bottomed out at $3,150. Since then, BTC started its incremental growth in Q1 2019, and it eventually spiked by more than 20 percent at the beginning of April. As reported by U.Today, trading legend Peter Brandt predicted could soon enter a new parabolic phrase in 2018, but he also suggested that there could be a double bottom like in 2015.

If history repeats itself and Bitcoin mimics its 2015-2016 price action, one should expect any sharp price moves over the last 24 hours. The BTC price could remain stable above the $5,000 level for the upcoming two months.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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