Bitcoin Winning Streak Climbs $7,375 while XLM, XEM, & OMG Shoot up in Double-Digits

Bitcoin is on a winning streak as it keeps on rising, touching today’s highest at $7,410. Meanwhile, a number of altcoins viz. Monero, NEM, and OmiseGo become the double-digits gainers along with a few others.

Bitcoin on a strong momentum, hikes consistently

Since mid-August Bitcoin has been managing to rise continuously despite constant ups and downs. After hitting $5,917 on August 14, Bitcoin only advanced upwards. At press time, Bitcoin has been trading at $7,375 with a daily trading volume of $3.9 billion. Today, it moved between the range of $7,246 and $7,410.

bitcoin
source: tradingview.com

From here, Bitcoin will find the resistance at $7,400 and then further at $7,600 while $7,100 is the support line. Furthermore, Bitcoin is managing a higher low. However, the low trading volume does put a strain but if the support holds, the bulls will be in for a strong momentum.

Altcoins are also moving in tandem with Bitcoin that has the BTC dominance on 53 percent. But if we take a look at the volatility of Bitcoin, it is only decreasing. Since June 30, when Bitcoin hit its lowest of the year at $5,765, the leading cryptocurrency price has remained above $6,000. The last time Bitcoin hit the June-low has been in mid-November.

As pointed by a crypto trader in his Tweet as well:

Also, read: Stability of Fiat Challenged Again as Bitcoin Outperforms 3 National Currencies Despite a Decline

Meanwhile, cryptos making double-digit gains

Cryptocurrencies are also enjoying the gains. Among the top ten coins, Ethereum (ETH) and XRP are the only ones in the red by 0.04% and 0.23% respectively while Monero (XLM) and Litecoin are leading with highest gains.

Going for the double-digit gainers:

Monero [XLM]

At 10th rank, privacy coin Monero is up by 14.42% at $139 while managing the daily trading volume of $71.8 million. Recently, Abra Global launched the European bank purchases of 25+ cryptos including Monero across 28 countries.

monero
source: coinmarketcap.com

NEM [XEM]

Up by 13.89%, XEM is currently exchanging hands at $0.126 and is at 16th rank with the 24-hour volume of $26 million. NEM recently shared the news of Verses, setting up blockchain-based property rights in augmented reality and Vantage Network migration from Ethereum to NEM network.

nem
source: coinmarketcap.com

OmiseGo [OMG]

At $4.77, OMG has risen by 11.81% while being at 21st position. It is also running in the green that too in double digits in the BTC and ETH market. Having a market cap of $669,534,978 USD, OmiseGo’s 24-hour trading volume is $39,924,504 USD.

omisego
Source: coinmarketcap.com

A few worth mentions are Waltonchain (WAN) up by 11.60%, Stratis (STRAT) hiking at 12.56%, and Komodo (KMD) has taken a substantial jump of over 19%.

Exclusive addition:

BitcoinDark (BTCD) is today’s leading cryptocurrency in terms of profit as it is rising about 262% climinging $75.18. With a circulating supply of 1,288,862 BTCD, it’s market cap is about $96.8 million with a mere $824,537 trading volume.

The post Bitcoin Winning Streak Climbs $7,375 while XLM, XEM, & OMG Shoot up in Double-Digits appeared first on Coingape.


Written by Anjali Tyagi @ https://coingape.com/bitcoin-climbs-7375-xlm-xem-omg-shoot-up-double/ September 4, 2018 Anjali Tyagi

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