Crypto Market Watch May 28: Market Cap Exceeds $270 Billion As BTC Reaches For $9K

The last 24 hours were filled with excitement as Bitcoin’s price surged above the $8300 and $8690 levels for the first time in a long time, which might be an indication that the crypto winter is finally over.  Although Bitcoin is currently marking an insignificant loss of 0.19% at press time, the cryptocurrency posted a new 2019 high price at $8,952 during the early hours of today. While BTC price is currently trading at $8,720, we could see the cryptocurrency break the $9,000 mark before the weekend.

As expected, the rest of the crypto market responded positively to the recent Bitcoin rally. Ethereum is still pushing towards the $300 levels, with its current price at $269. XRP, BCH, EOS, LTC, BNB, Stellar, and ADA are trading at $0.42, $432, $7.8, $113, $33, $0.13, and $0.088 respectively.

The total market cap is ~$272 billion | Bitcoin’s market cap is ~$154 billion | BTC dominance at 56.8%

Major Crypto Headlines

Yahoo Japan-Backed Crypto Exchange Taotao Launches This Week: The exchange dubbed Taotao will go live in less than two days and will offer trading in both Bitcoin and Ethereum at launch.  

Wife Wants Divorce Over Husband’s Failed $200k Bitcoin Investment: A Swiss man is at the verge of losing his wife after he lost $200k in trading Bitcoin during the crypto winter of 2018.

Computer Researcher Finds Wallet Vulnerability That Gave Same Key to Multiple Users: The researcher made an official post about the serious vulnerability in WalletGenerator.net, which has been in effect since August 2018.  

Most Significant Gainers And Losers

AEON (146.34%)

Aeon (AEON) finally rallied past the $0.6 resistance level and is currently consolidating gains of 146.34% against the US dollar. The coin now holds a new three months high price at $2.01 but is currently trading at $1.60 with a market cap of $25,308,771.

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OLXA (127.43%)

OLXA emerged as one of the most significant gainers on the day. The altcoin currently holds gains of more than 120% against the dollar, with its current trading price at $0.0021 and a daily volume of $821,338.

Influence Chain (-51.95%)

INC token is not doing well on the hourly chart. After gathering a bullish momentum within the last few days, which pushed its price to one month high of $0.4, INC is now struggling with the bears to stay above the $0.15 marks. At the time of this writing, the token was exchanging hands at $0.0178 with a daily volume of $981,664.