Crypto Market Wrap: Binance Coin (BNB) Defies Correction on eBay Rumours

Crypto markets correcting on Monday morning; Binance Coin and Dash still climbing, Litecoin, EOS, BSV and NEO dumping.

Market Wrap

Following the weekend’s epic Bitcoin rally, crypto markets have started to correct this Monday morning. In a natural market movement crypto assets are pulling back but total market capitalization is still at a six month high of over $200 billion.

Over the past 24 hours Bitcoin surged to a new 2019 and nine month high of $7,500. The epic rally saw daily volume rise to a record high of $30 billion which is over double what the entire market was getting a few months ago. Since the peak, BTC has pulled back as expected and is currently trading at $7,050, down over 4 percent on the day.

Ethereum also got a boost finally as it topped $200 for the first time in six months. There was not enough momentum to keep ETH at this psychological resistance level and it too pulled back 4 percent on the day to drop just below $190.

The top ten is all in retreat at the…

Read Full Story : NewsBTC

2019-05-13 07:12:39

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