The crypto markets are looking green for the first time after close to one week of bearish trend.
Bitcoin and Ethereum
Bitcoin has surged over the $6400 resistance mark which it has hovered between in the past few days. The top cryptocurrency is obviously on a rebound and is trading at a $6435 on BitFinex as of writing this.
Ethereum, on the other hand, has recorded a 11% increase on the day, traded at $195 during press time and looking bullish to break the $200 barrier.
Total Market Cap is $197 billion | BTC Market Cap is $111 billion | BTC dominance at 56.7%
Major Crypto Headlines
Huobi Buys Majority Stake in Japanese-licensed Crypto Exchange BitTrade
Mexican State Bank Announces Stricter Rules for Crypto Exchanges
Japan’s FSA Expands Crypto Team to Handle Exchange License Reviews
Significant Gainers and Losers
While the crypto markets are very bright in green today, some altcoins are on the front row of the biggest gainers.
QYNO (QNO) tops the list of the most significant gainers in the crypto markets today. QNO coin surged by 71.94% against the USD, and currently selling at $0.108 with a 24-hour trading volume of $245,083. QNO saw a slight drop towards the end of the day, but a rebound followed almost immediately.
After a downward run over the last few days, Mindexcoin (MIC) is back to the green side, gaining almost 60% in the previous trading session. MIC currently trades at $0.551673 with a volume of 105,453 and a market cap of $6,491,873. We expect the price to drop to the previous level as the gains look like another price manipulation.
Uquid Coin (-28.79%)
Uquid Coin (UQC) continues its bearish sentiment despite today’s green in the crypto markets. UQC emerged the most significant loser, losing almost 40% of its value against the US dollar at the end of the last trading day. Historical data from CMC shows that the performance of the token over the last 7 days is not impressive. The token has lost $0.2 (50% of its value) within seven days. At the time of writing, the token trades at $0.272 with a volume of $553,060.
Bitcoin Price Analysis
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Source: Crypto Potato