In the cryptocurrency market, a downward price correction is normal when the coins are preparing for a Bitcoin bull run. Four days ago, Bitcoin crossed the $4,000. Since then, the price has corrected downward up to three times. In today’s cryptocurrency market update, Bitcoin and other top cryptocurrencies once again attempting a downward correction against the USD.
Bitcoin (BTC) Price Today – BTC / USD
Bitcoin (BTC) Price Today: Will The Bitcoin Bull Run Come?
Ever since the best Bitcoin bull run recorded in history (the 2017/2018 bull rally), the cryptocurrency market has been waiting eagerly for a similar event. Unfortunately, the greatest Bitcoin bull run was followed by a 15-month long cryptocurrency winter that cost BTC more than 80% of its value from its all-time high. This is why every minor rally counts. The latest Bitcoin rally isn’t as good as the 2017/2018 rally but it was significant because it took the price of BTC higher than the key $4,000. At the time of writing, BTC was trading at $4,021.89. This shows that it is correcting lower at 0.25% against the USD. The 24-hour trading volume is $8,902,053,544 and the total market capitalization is $70,767,801,756. The bull run will start soon but it’s not yet clear when.
EOS Price Today – EOS / USD
EOS (EOS) Price Today – Will EOS Recover?
EOS suffered a great deal during the cryptocurrency winter. After the EOS mainnet migration complications, many people believed that EOS would never recover and Block.one will eventually have to shut the blockchain down. Fortunately, EOS survived the storm. The smart contract platform is still being used by many developers and the price is holding up above the $3 support. At the time of writing, EOS was trading at $3.74. It is trading 1.38% lower against the USD and 0.93% lower against BTC. The trading volume is $1,418,832,837 and the market capitalization is $3,389,682,841.
Bitcoin Cash (BCH) Price Today – BCH / USD
Bitcoin Cash (BCH) Price Today – BCH Price Forecast
Everyone knows that the price of BCH was significantly affected by the Bitcoin Cash hard fork war that happened in November 2018. Many in the Bitcoin SV camp predicted that BCH will be annihilated paving a way for Bitcoin SV. However, BCH has done better than expected. Right now, other cryptocurrencies are trading in red but BCH is trading in green at $160.51. This shows that it is up by 3.23% against the USD and up by 3.63% against BTC. The trading volume over a 24 hour period is $538,263,015 and the market capitalization is $2,837,681,305.
Right now, BCH and XLM are the only cryptocurrencies in the top ten list that are trading in green. XLM is currently trading at $0.109290. This means that it is up by 0.15% against the USD and up by 0.55% against BTC. The trading volume over a 24 hour period is $156,908,249 and the market capitalization is $2,100,626,945. The price action of BCH and XLM is surprising. They have been able to break free from the strong relationship altcoins have with Bitcoin. However, it’s not clear how long this will last.
What do you think about today’s cryptocurrency market update? Share your thoughts in the comment section.