Crypto Market Watch & Overview: Bitcoin Aiming For $12,000

Bitcoin (BTC) has seen a sharp, significant rise, racing to the $12,000 region during the early hours of July 4 (UTC), but the bulls took their feet off the pedal in subsequent hours. The leading cryptocurrency had charted a 4.60% 24-hour gain, trading around $11,735, at the time of writing.

Just like BTC, Ethereum (ETH) also saw a sharp surge and surpassed the $300 barrier in recent trading hours. The subsequent correction has seen Ether’s price decrease to $296 as of now, which is a 0.70% gain in USD terms.

The total market cap is $332 billion | Bitcoin’s market cap is $208 billion | The BTC dominance index is breaking records at 62.9%

Major Crypto Headlines

Is Tether (USDT) Behind the 2019 Bitcoin Price Rally (Again)? Tether has been a controversial topic in the crypto community ever since the allegations of price manipulation in connection with the 2017 Bitcoin surge, and now questions are beginning to spring up as to whether the prominent stablecoin company is back at playing with BTC. 

Facebook’s David Marcus: Libra Crypto Users Won’t Have to Trust Us. As controversies continue to mount surrounding the social media giant’s upcoming blockchain project, Facebook VP David Marcus has claimed that Libra is being built on a decentralized system, and hence does not require trust. 

More Bullish News for Bitcoin: Retail Investors Are on the Rise. A new report has found that the number of Bitcoin retail investors was on the rise throughout last year despite the long crypto winter of 2018.

Most Significant Winners and Losers

OVCODE (214.13%)

The price of OVC, an ERC-20 token issued on the Ethereum blockchain, has been experiencing impressive upward movement over the last 24 hours. With a 214% ROI on the day, OVC’s price is currently trading above the $0.21 mark. The total market cap of OVC is $9,267,599. 

RealTract (168.07%)

RET first saw bullish momentum a few hours ago after trading between $0.001 and $0.002 all week. The altcoin’s price has surged by over 168% in the last few hours, making the token one of the top 120 cryptocurrencies by market cap. RET is currently trading at $0.004 with a market cap of $48,617,160.

Nectar (-48.12%)

Nectar, a token issued by crypto exchange Ethfinex, is the most significant loser in today’s crypto markets as of now. NEC has lost almost 50% of its value within the last 24 hours and is now trading at $0.060 with a market cap of $4,970,065.

The article was first published on: Jul 4, 2019