Over the past few days, cryptocurrency markets have been showing bullish gains after a few small retractions during the weekend. At the moment the entire digital asset economy is valued at $285Bn while $14.3Bn worth of trades were swapped over the past 24-hours. Today on July 23 bitcoin core (BTC) markets are holding an average price of $7,700 per BTC. Meanwhile, bitcoin cash (BCH) prices are hovering around $815 per BCH at press time.
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Are the Tides Turning for Cryptocurrencies?
A good portion of cryptocurrencies on Monday are seeing some gains after some good dips that took place over the weekend. Most digital assets are consolidating losses while a few others like BTC, BCH, LTC, and XMR are up between 1-2% today. Bitcoin core dominance (the percentage of BTC’s market capitalization among all 1,600+ assets) has been steadily moving up over the past few weeks and touched a high of 46 percent today. The top five digital currencies with the most trade volume today includes BTC, USDT, ETH, EOS, and BCH. Many crypto-enthusiasts and traders are optimistic the tides have changed after months of bearish prices plagued cryptocurrency markets.
Bitcoin Core (BTC) Market Action
Bitcoin core (BTC) market action shows the cryptocurrency is being sold at prices between $7,650-7,710 per coin. BTC’s market capitalization is around $132Bn, and 24-hour trade volume is about $4.8Bn worth of swaps. The top exchanges trading the most BTC include Bitlfyer, Bitfinex, Fcoin, Binance, and Coinbene.
The Japanese yen is the most dominant pair today with BTC commanding more than 54 percent of global trades. This is followed by tether (USDT 28.8%) USD (11.3%), EUR (2%), and KRW (1.5%). The top trade
