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Market Action: Bitcoin Firmly Holding $5,250 While Other Top Cryptos Witness Some Losses

It has been a mixed trading day for major cryptocurrencies, but Bitcoin has still managed to firmly hold the $5,250 mark while some other top cryptos experienced losses.

April 19, 2019 12:49
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It has been a mixed day for cryptocurrency markets, as a majority of top cryptos opened in green but right now are trading only marginally higher or lower than yesterday’s closing price. However, that doesn’t mean there’s no pleasant news about Bitcoin’s price in today’s market. Bitcoin has managed to formidably hold on to the $5,250 mark despite the flat trading day, which is a good signal showing the strength of bulls.

When markets opened Bitcoin was trading up by more than 1%, around $5,260. And that’s where it’s trading at the time of writing this article too – no significant up or down moves seen throughout the day. By contrast, Ethereum is trading at $172, up 0.39% and Ripple trading 2.42% down at $0.332. If we talk about Bitcoin Cash then it’s condition is even more concerning than XRP as it’s trading down by 4.22% at $297.83.

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Other major losers in the top 10 club include Cardano and TRON, which are down by 5.1% and 2.2%, respectively. Current market price of Cardano is $0.07 while TRON is trading at $0.02. EOS and Stellar are also down by 1.1% and 1.7%, respectively.

As far as gainers are concerned, Litecoin is trading up by 0.88% at CMP of $81.7. Monero is also a gainer in the top 10, up by 0.07%. Besides these two coins there’s no major gainer in the top 10. Other gainers exist in top 20 only, namely Bitcoin SV and Tezos, which are up by 2.47% and 2.82%, respectively. Tezos is trading at $1.37, while Bitcoin SV is trading at $58.84. This should come as a sigh of relief to BSV community after the delisting campaign that haunted them recently. However, BSV is still out of top 10 club, while before delisting it used to trade on 6th or 7th spot in the list of cryptocurrencies by market cap.

Let’s see how things go in next trading session. The next major milestone for Bitcoin is $5,500, and it will be very interesting to see how long it takes to reach it.

Technology and business were my core interests, so it wasn't surprising that I got interested in cryptocurrencies, which operate at the intersection of both these things. Now I live my passion by trading cryptocurrencies and covering Cryptocurrency news. You can connect with me on Facebook to learn more about me. :)

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