Bitcoin Price Continues to Eye $11K as Most Altcoins See Minor Gains

Market visualization. Source: Coin360

Bitcoin continues to show impressive price movement after trading close to $10,300 for the better part of the day. At publishing time, the No. 1 cryptocurrency is trading at $10,718 — up 2.9% on the day, according to data from Coin360.

Bitcoin’s 24-hour price chart. Source: Coin360

Bullish sentiments towards BTC seem to have won out once again as Bitcoin dominance hit 70.5%. Cointelegraph reported at the beginning of August that crypto perma-bull and former Wall Street trader Max Keiser had claimed Bitcoin dominance is heading towards 80% and that altcoins are dying — and will “never come back.”

The No. 1 altcoin, Ether (ETH), is showing a minor uptick of 1% and currently trading at $181 per coin.

Ether’s 24-hour price chart. Source: Coin360

Ripple’s XRP token continues to trade steadily and is showing minor gains of 0.1%. At publishing time, the world’s third-most popular coin is trading at $0.263.

Cointelegraph reported on Sept. 3 that, according to Whale Alert, a live tracker for cryptocurrency transactions, Ripple had moved 500 million of its native XRP tokens (worth about $130.1 million at publishing time) from its escrow wallet.

XRP’s seven-day price chart. Source: Coin360

Major losers and gainers among top 20 altcoins

Among the top 20 cryptocurrencies by market capitalization, Huobi Token (HT) is showing the biggest gains on the day — up more than 4% to trade at $4.11 at publishing time. Bitcoin Cash (BCH) is the second-best performer in the top 20 altcoins, showing gains of just under 4% to trade at $304 per coin.

The worst-performing top 20 altcoin is Tezos (XTZ) with a loss of 4% on the day. One Tezos is now being traded at $1 per coin.

Overall cryptocurrency market capitalization currently sits at $271 billion, with BTC’s share accounting for 70.5% of the total.

 

By Joeri Cant

David Ogden – Http://markethive.com/david-ogden