Cryptocurrency Market Update: Bitcoin (BTC) Price Breaks Out of a Wedge to Give Altcoins the Much-Needed Respite

The digital currency market seems to be breaking out of the bearish cycle that pushed BTC USD price to the $9,300 mark. The bears have been suppressing all the coins in the market until the most dominant crypto in the world – Bitcoin (BTC) – started pumping again. The price of Bitcoin (BTC) just broke out of a rising wedge. On starting an upward rally, BTC USD price surged by a whopping 12 percent in one hour. The price of Bitcoin (BTC) surged by $1,400 in one hour.

Bitcoin (BTC) Price Today – BTC / USD

Name Price
bitcoin
Bitcoin
$10,320.281.20%

The 12 percent increase in the price of BTC paved the way for more gains. Bitcoin has broken over some major resistance levels, staring with the $9,440 resistance level. Bitcoin just broke over the $10,600 mark a few hours ago. At the press time, Bitcoin (BTC) is trading at $10,570, with immediate resistance at the $10,800 mark. The current market cap of BTC is $187 billion with a trading volume of $24.5 billion over the past day. The significant surge in the price of Bitcoin (BTC) caused a stir in the market. BTC has paved the way for the altcoin market, giving the altcoins the much-needed respite. Here are some of the top gainers in the market over the past twenty-four hours.

Litecoin (LTC) Breaks Over a Major Resistance as BTC Price Pumps 12% In One Hour – Litecoin Halving 2019

Litecoin (LTC) is one of the highest gainers among the top cryptos in the market over the past twenty-four hours. Litecoin, whose halving event is fast approaching, also surged by more than 12 percent on one hour. The price of Litecoin surged higher and broke over several hurdle points. LTC USD price even broke over the $100 mark before it started correcting lower again. At the press time, LTC USD live price is $99 after an increase of more than 7 percent over the past day. The current market cap of LTC is $6.16 billion and its trade volume over the past day is $4.60 billion.

XRP Breaks the 32 Cents Mark – XRP Price Prediction 2019 – Cryptocurrency Market Update – Crypto News Today

The price of XRP recently plunged heavily below the 30 cents level. The recent price performance of XRP has been somewhat poor. XRP failed to hold gains and plunged to a low of 29 cents. However, the recent price rally in the market also rubbed off on XRP as the digital currency just broke over the 32 cents resistance level. XRP USD live price is $0.3255 after an increase of about two percent over the past day. The immediate resistance of the digital currency is the 34 cents mark. Meanwhile, the 30 cents mark is now acting as support for the digital currency.

Stellar Lumens (XLM) Tops the Chart of Recovering Altcoins – Stellar Lumens Price Prediction – Cryptocurrency News Today

Among the top cryptos, Stellar Lumens (XLM) is the highest gainer. The price of Stellar Lumens is up by more than 10 percent over the past twenty-four hours. At the press time, XLM USD live price is $0.0898. The current market cap of XLM is $1.76 billion and its trade volume over the past day is $348 million.

Tron (TRX) is another fast-growing coin. The price of Tron (TRX) has surged by more than 8 percent over the past twenty-four hours. At the press time, TRX USD live price is $0.0255. The current market cap of TRX is $1.70 billion, which is just a few million away from that of Stellar Lumens.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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