After breaking the resistance at $11,000 in the early hours of today, Bitcoin’s price rose as high as $11,040. However, it quickly retraced to $10,500 where it’s been trading for the majority of the past few days. At the time of this writing, BTC is trading at $10,583, marking a slight increase of about 0.1% in the past 24 hours.
It’s worth noting that Bitcoin’s dominance rate is still holding relatively strong, as it currently sits at around 65.2%. This showcases the fact that altcoins haven’t been able to capitalize on Bitcoin’s most recent dump and have continued to struggle.
Ethereum, the second-largest cryptocurrency by market cap, is down about 0.6% on the day while Ripple (XRP) is down 0.3%.
The total market cap is ~$290 billion | Bitcoin’s market cap is ~$189 billion | BTC dominance rate is 65.2%
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A 124.85% gain against the dollar within the last 24 hours has made SCT the day’s biggest winner. The cryptocurrency, which is built on the Ethereum platform, recorded a few massive drops last week and traded around $0.02 yesterday. Today’s surge represents a recovery to its high from last week. At the time of writing, the token was trading at $0.047 with a market cap of $463,948.
Transcodium (TNS) marked an increase of 49.18% against the US dollar, with its value hovering around $0.0022. The notable growth today represents a bullish reversal after a 50% decline within the past week. The token currently has a market cap of $111,651 with a daily trading volume of $90,370 across all exchanges.
Today is not very different from the past seven days for BBGC, as the token’s price has recorded a 32.53% decline against the US dollar. The cryptocurrency has been trending downward since the start of last week, having lost 93.42% of its value over the past 7 days. Fundamental analysis shows that the project has weak publicity and that the price may dip further. BBGC is currently trading at $0.001798 with a daily volume of $307,938.