Monday 5th November 2018 – The cryptocurrency traders were greeted with a fresh sight of green charts which indicated the rise of cryptocurrency markets. The markets added $6 billion to the overall market capitalization within 24 hours. On Sunday overall cryptocurrency market cap was $206 Billion and currently, it is at $212 billion.
Bitcoin Cash (BCH) was the first one to break from the bearish market by surging by almost 15%. Bitcoin Cash’s surge was due to the upcoming hardfork. Major exchanges such as Binance and Coinbase have announced the support for Bitcoin Cash’s hardfork.
The price increase was soon followed by Litecoin, which broke the $52 and $53 resistance and touched $55. Litecoin wasn’t able to break $55 resistance and went back to $53.64. But Litecoin is still showing a strong bullish trend.
Ethereuem [ETH], XRP, Monero [XMR] and Tron [TRX] followed suit and increased in value as well. Ethereum and Monero were the top gainers among these four. Both Ethereum and Monero increased by 4%+. On the other hand, TRON and XRP are showing strong bullish momentum. Both the cryptocurrencies are up by 2.3% and 1.5% respectively.
The biggest winner of the bull run is hands down Basic Attention Token (BAT) which is up by 7% due to the listing by Coinbase.
Thank you for reading the article. Wishing you a very Happy New Year from team Blockmanity 🙂
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