On Wednesday, the market valuation of all 5,000+ cryptocurrencies is worth around $277 billion after a few coins gathered decent gains during the morning trading sessions. Today, bitcoin is trading for over $9,783 per unit and many traders believe the asset will surpass $10K once again. However, there is a significant amount of resistance at the psychological $10K zone and it’s going to take a strong bull charge to break it.
Crypto Market Cap Holds Above $275 Billion
Crypto asset prices are seeing some gains today, as most of the top ten coins are up between 0.5% to 2% on Wednesday afternoon. At the time of publication, bitcoin (BTC) is swapping for $9,783 per BTC and the market is up 0.68% today. BTC has a market capitalization of around $180 billion and there’s $4.6 billion in global BTC trades today.
Ethereum (ETH) markets are up a hair and each ether is trading for $244 per coin. The market valuation of ETH markets is around $27.2 billion on Wednesday and there’s $1.32 billion in trades.
The third-largest market cap belongs to XRP and each unit is trading for $0.20. With an $8.7 billion market cap and $191 million in XRP trades, XRP is down 0.47% this afternoon.
Tether (USDT) is the fourth largest market cap and the stablecoin’s market is valued at $5.75 billion this week. USDT captures a touch less than two-thirds of the global crypto swaps against a myriad of different crypto assets.
Bitcoin Cash (BCH) Market Action
While BTC and other coins have been rising in value, bitcoin cash (BCH) has
