• CoinStic
  • Posts
  • Bitcoin (BTC) Market Cap Cracks $100 Billion As Crypto Rally Heats Up and Gold Remains Down – Ethereum, XRP, Bitcoin Cash, Litecoin, EOS

Bitcoin (BTC) Market Cap Cracks $100 Billion As Crypto Rally Heats Up and Gold Remains Down – Ethereum, XRP, Bitcoin Cash, Litecoin, EOS

May 03, 2019

The total market cap of all cryptocurrencies popped $10 billion in just eight hours on strong trading volumes, from $177.4 billion to $187.6 billion, according to data compiled by CoinMarketCap. Bitcoin (BTC) leads, surging from $5,456 to an annual high of $5,864, with a market cap of $103.4 billion.

BTC dominance has peaked at 55.1%, reaching its highest level in 2019, as crypto traders sell altcoins to increase their position in Bitcoin.

Percentage of Total Market Cap (Dominance)

Bitcoin trading volume on Messari’s ‘Real 10’ volume index, which tracks BTC volumes from a select group of 10 exchanges, including Binance, Coinbase Pro, Kraken and Gemini, has surged to $833.9 million, up from $671 million on April 23.

Litecoin leads the charge among the top 10 coins, up 8.88% within the past 24 hours to $80.24. Bitcoin Cash is second, up 7.86% to $296.35, followed by EOS, up 7.63% to $5.09. Ethereum is up $5.34% at $169.72 and XRP is up 2.78% at $0.3120.

Gold is currently trading at $1,270 per ounce, declining 5.6% since February.

On Wednesday, Grayscale launched their #DropGold campaign, releasing a TV commercial to highlight gold’s lack of portability. More than a hashtag, the company says it’s educating investors about Bitcoin and why it believes the digital economy will not favor heavy gold bricks.

Why #Bitcoin? In short, it offers all the good qualities of #gold but in a better way. Interested? Learn more by checking out https://t.co/BxUjYaBJ8q #DropGold

— Grayscale (@Grayscale) May 2, 2019

At time of writing, the total crypto market cap is currently $187.4 billion, with BTC up 6.5% to $5,849.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.