Cryptocurrency Price Update. In today’s cryptocurrency price charts, we observe the major cryptocurrencies appear to have stabilized in prices similar to those from last month bringing back talks of stability which comes from maturity.
Bitcoin particularly has hovered around $3,900 for the past three days making little effort to hit $4,000 or surpass key support at $4,200. BNB, which outperformed all other top coins yesterday has begun a downward correction while Enjin Coin is up 65% after its confirmed partnership with Samsung.
Cryptocurrency Market Summary Today
- Samsung partnership lifts Enjin Coin by 65%
- Binance coin (BNB) starts downward correction
- Little changes for top 20 coins in the last 24 hours analysis
- Weekly cryptocurrency price charts show stability for the most part
- Total crypto market capitalizations stays at $133 billion
- Bitcoin Dominance at 51.7%
- BTC, ETH, XRP, BCH maintain familiar price territories
Bitcoin BTC / USD Price Today March 8, 2019
In the last 24 hours, bitcoin has hovered around $3,900 for the most part. Though hourly charts within the days show conflicting micro-trends, the price BTC seems to have steadied at least for the short-term.
At the time of writing, BTC is trading at $3,921 after it touched a high of 3,939 and low of 3,894 in the preceding hours. The 24-hour trading volume has stayed almost static after the last surge of activity took it from around $7 billion to over 9.5 billion where it is currently.
One analyst predicts bitcoin will break the resistance at $4,200 and reach as high as 4,400 in the short term. That would mean a 13% rise from today’s price, this was the approximately the same growth BTC managed in February which was its best month in a long while. In the meantime, BTC has managed less than 1% rise in the last 2 days.
Ethereum ETH / USD Price Today March 8, 2019
The impact of Constantinople upgrade has begun to show, just not in Ether price which has remained unmoved by the upgrade which launched after notable delays. If anything ETH is dictated by the general crypto market trend and has managed moderate gains since its remarkable surge in February.
At $137, ETH has remained where it was by this time yesterday. The same can be said of a lot of top cryptocurrencies, which like Bitcoin are showing signs of a temporary price stability. Activity around ETH dropped slightly since yesterday as it posts a 24-hour trading volume of $4.2 billion. Its market cap, of course, remains unchanged in this period. On a micro-analysis, there’s been almost no change in the last two hours of trading.
Litecoin, Ripple, and Bitcoin Cash LTC / USD, XRP /USD, and BCH / USD Price Today March 8, 2019
Litecoin (LTC) has affirmed its stance at $56 holding the price for about 36 hours now. Though it did get to the cusp of $60 yesterday, it did not sustain that high and has dropped to $56.7 which is still 2% better than the low of $55 witnessed on some exchanges yesterday.
From the hourly charts, there’s little sign LTC will lose the gains it made courtesy of its Litecoin Core v0.17.1 RC1 release. As expected, the coin is still up in the weekly charts as much as 20%. Trading volume within the last 24 hours is still high at $2.2 billion.
Ripple (XRP) is currently trading at $0.313 to the USD having dropped from a daily high of $0.319. It is down about 1% from yesterday’s price at this time. Its coin market cap stands at just over $13 billion and trading volume down by $50 million worth of trades.
Bitcoin Cash (BCH) is continued to drop quietly, now trading at $130.44 which is about 2% less than it traded yesterday and almost 4 percent from the last 7 days.
Binance Coin BNB / USD Price Today March 8, 2019
7th placed Binance Coin (BNB) token has begun to show signs of a downward correction in the last 24 hours. Now trading at $14.6 to the USD, BNB is down more than 6% from yesterday’s high of $15.6.
Weekly and Hourly Cryptocurrency Analysis
Most top cryptocurrencies are gaining slightly in the hourly price analysis for the last two hours. This could translate into a market surge during the day after markets have slowed in the last two days.
Bitcoin, Stellar, and Moreno are all up 2% from last 7 days while LTC is a clear leader with a 20% gain during the same period. BNB still maintains its place above Tether USD for now.
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Data from Coinmarketcap.com and Coin360.com were used in this report