Daily crypto: Markets are going up and bitcoin takes the lead

The crypto markets have increased in value over the last 24 hours. Currently, about 90 of the 100 biggest cryptocurrencies show green numbers.

The market cap for all cryptocurrencies has risen by $3 billion over the last 24 hours – from $110 billion yesterday to $113 billion today.

ADVERTISEMENT

“Declines are like a road bump”

Now the crypto market has lost a total of 80 percent of its total value during 2018. Although the cryptocurrency markets have gone down and been volatile with large movements, James Bevan, CEO of charity company Ccla, believes that the declines for the crypto markets are only like a road bump, that the market will get over.

“I don’t regard this as an existential crisis, I just regard it as a bump in the road and institutional investors have had plenty of bumps in the road in conventional currencies and transaction systems”, James Bevan said in a panel at Bloomberg Crypto Summit in London, Bloomberg writes.

Bitcoin leads the rise

If we look at the biggest cryptocurrencies, all show increases in price. Bitcoin (+3,32%), bitcoin cash (+2,75%), stellar (+2,13%) ethereum (+1,82%) and xrp (+1,35%) have increased in value over the last day.

Bitcoin (+3,32%) is currently trading at about $3,607, an increase of $120 from yesterday.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were centrality (+21,46%) and dex (+18,41%), and those who performed the worst were maker (-3,47%) and tezos (-2,79%).

*All numbers in this article are from Coinmarketcap.com.

Follow Trijo News on Facebook, Twitter and Telegram.