July 26: crypto markets are seeing a healthy flush of green, with most of major crypto assets seeing solid growth over the 24-hour period, as data from Coin360[1] shows.
After leading last week’s major market rally[2] when Bitcoin[3] (BTC) broke the $8,000 psychological price point, the leading cryptocurrency has been consolidating its gains. Altcoins are also holding market confidence, with most of the top ten coins by market cap seeing growth of between 1 and 7 percent on the day to press time, according to CoinMarketCap[4].
Market visualization from Coin360[5]
Bitcoin[6] (BTC) is trading around $8,230 to press time, up just over 1 percent on the day. The largest cryptocurrency peaked at just below $8,300 earlier today — nonetheless shy of its weekly high of $8,431 yesterday, July 25.
Weekly high in Bitcoin’s 7-day price chart. Source: Cointelegraph Bitcoin Price Index[7]
Bitcoin’s weekly and monthly gains are at a bullish 11.9 and 33.3 percent respectively, according to data from Cointelegraph’s price index[8].
Earlier today, Blockchain Capital partner Spencer Bogart bullishly compared[9] Bitcoin’s price to a “tinderbox,” saying the asset is “waiting for reasons to go higher.”
BTC dominance by market capitalization is at 46.9 percent[10] according to CoinMarketCap, just under yesterday[11]’s level, but still slightly above the 2018 record-high posted[12] earlier this week.
Ethereum[13] (ETH) is trading around $478 at press time, seeing around a 1 percent gain on the day. The altcoin saw a bullish surge to $483 earlier today and has subsequently
