‘Careless’ Users Are Ruining Ethereum’s Privacy:…

9m
cryptonewmedia

Bitcoin Buyers ‘Cannot Ignore’ This 3-Year 70% Returns Hack — Analyst

9m
cryptonewmedia

Dune Network: Creating A Secure and Innovative Ecosystem for Developing Decentralized Applications for Businesses

27m
thebitcoinnews

Crypto Market Update for 4 June 2020: Bitcoin, Ethereum, Cardano, Chainlink

27m
cryptoglobe

Is Ripple in talks with Brazil’s Central Bank on the possible...

39m
zycrypto

Institutional Money Flowing Heavily Into Ethereum Amid Growing Valuation

39m
zycrypto

Ethereum Just Reversed And Likely Gearing For Another Lift-Off To $255

1h
newsbtc

Cryptocurrency News Roundup for June 3, 2020

1h
beincrypto

Bitcoin to Paint ‘Institutional’ Golden Cross That Last…

1h
cryptonewmedia

Ethereum Has Become Bitcoin’s Top Off-Chain Destination

1h
cryptonewmedia

Cardano Price Rallies 60% Following Shelley Proof-of-Stake Upgrade Announcement

1h
cryptonewmedia

Japan FSA: Register Before Giving Advice on Investments

1h
beincrypto

Ethereum Price and Technical Market Analysis June 3rd, 2020

2h
bitcoinnews

Bittrex and Poloniex Targeted in Class-Action Crypto Manipulation Suit

2h
cryptonewmedia

Ethereum-Based Interest Rate Benchmarks Suggested by Federal Reserve Chairman

2h
beincrypto

EOS Price Analysis: Dips Supported For a Possible Push To $3

2h
livebitcoinnews

Litecoin Signaling Fresh Increase To $50: Here’s How It Could Refuel…

2h
cryptonewmedia

Rumored Star Wars Battlefront 3 Means One Thing – More Controversy

2h
cryptonewmedia

Bitcoin to Paint ‘Institutional’ Golden Cross That Last Shot Price 78% Higher

2h
bitcoinist

How to Make Money in Crypto When It Falls

3h
coingape

Bitcoin Stares at Another Big Plunge as Mining Difficulty Hints…

3h
cryptonewmedia

The Future of Gambling: Cryptocurrency and Online Casinos

3h
cryptonewmedia

Litecoin (LTC) Price Analysis: Bulls Eyeing Upside Break Above $50

3h
livebitcoinnews

Pro-Crypto Democrat Jonathan Herzog Running for US Congress

4h
cryptonewmedia

Bitcoin Price and Technical Market Analysis June 3rd, 2020

4h
bitcoinnews


Bitcoin rally slows down, but altcoins pick up pace

Bitcoin (BTC) has edged lower on Thursday, despite a strong start that saw its price rising to a near 10-month high.

The original cryptocurrency had a mostly lacklustre session on Wednesday. With its rally having stalled, the digital coin spent the better part of the session hovering around the $8,000 mark. However, BTC picked up during the final hours of the session and eventually finished the day at $8,205.17, up from its opening price of $7,989.37.

The coin continued its advance during the opening hours of today’s trading, which allowed it to break above the $8,300 mark for the first time since July 25, 2018. However, like in previous sessions, the coin’s morning push didn’t last very long. BTC has seen a significant pull-back in more recent trading and is now hovering just above the $8,000 mark.

While Bitcoin’s advance has stalled since the coin approached the $8,000 area, major altcoins have kept the larger cryptocurrency alive. The second-largest digital currency on the market, Ether (ETH), has gained nearly 15% in the past 24 hours to top the $260 mark for the first time since early September. Earlier today, the Ether price hit $269.54, which was its highest level since September 5. The coin closed yesterday’s session at $247.15, according to data from digital currency tracker Coinmarketcap.

Other major digital coins, such as XRP, Litecoin (LTC) and Bitcoin Cash (BCH), have also risen to multiple-month highs, while Binance Coin (BNB) earlier today reached a new all-time high price of $27.58. But the standout performer in the past 24 hours has been Stellar Lumens (XLM), which has gained more than 23% in that period.

In today’s trading, the Bitcoin price stood at $8,054.80, as of 10:31 BST. The digital coin has gained 0.8% in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at $142.6 billion, which represents 56% of the combined value of all digital currency.

Featured image: Wit Olszewski / Shutterstock.com

More Resources

The post Bitcoin rally slows down, but altcoins pick up pace appeared first on The Independent Republic.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments