- The official announcement by PayPal of allowing its users to buy and sell cryptocurrencies including bitcoin has provided significant positive volume in the overall market conditions
- The overall market capitalization stands at $387,482,338,303 with an increase of 4.04% over the day
- The 24-hour volume traded stands at $114,248,949,085 which makes an increase of 8.45% over the day
- The dominance of the crypto king is currently at 61.05% resulting in an increase of 0.41% over the day
PayPal Provided Bullish Sentiments in the Overall Market
As soon as PayPal’s statement went out in the market, the price of Bitcoin immediately rose from around the price level of $12200 to $13200. The volume trade of BTC has also surged heavenly around 40% bringing the current level to $41,107,653,810. On the other hand, Ethereum is finally testing the major resistance level of $395.00 with an overall gain of 3.47%. The overall market conditions are completely in favor of Ether and looking at the positive sentiment prevailing in the market, it must break above the resistance mark.
Litecoin (LTC)
Litecoin has been one of the cryptocurrencies that have been includedhave included by Paypal in its payment system providing the levels a massive surge of 14.08%. Due to the positive trend, the cryptoasset broke the major resistance level of $50.00 with ease and now hashave a CMP of $55.76. The market capitalization is at $3,664,363,146 with the 24-hour volume traded of $4,145,455,271. The LTC/BTC pair is also soaring up with an overall gain of 9.56% bringing the current level to 0.00437221 BTC.
Bitcoin Cash (BCH)
Bitcoin cash is also having significant gains with the help of positive sentiment in the overall market conditions. The cryptoasset is having an overall gain of 5.57% bringing the CMP at $265.39. The market capitalization stands at $4,923,250,121 with the 24-hour volume traded of $3,141,422,744. The BCH/BTC pair is also performing positive with an overall gain of 1.19% bringing the current level to 0.02078391 BTC. If BCH is able to sustain this positive move, the bulls will surely target for $300.
Ethereum Classic (ETC)
Ethereum classic is also enjoying positive momentum with bulls enforcing the overall market conditions. It is currently retesting the major resistance level of $5.50 with the CMP of $5.46 having an overall gain of 5.26%. The market capitalization stands at $635,311,642 with the 24-hour volume traded of $487,144,196. The ETC/BTC pair is having a marginal profit of 0.51% bringing the current level to 0.000427008 BTC. A break above the resistance level of $5.50 can provide significant price recovery action for ETC as the positive sentiment is already prevailing in the market.
IOTA (MIOTA)
The intraday price chart of IOTA clearly highlights its positive trend for the day having a profit of 6.24%. With this bullish momentum, the cryptoasset can target to reclaim the crucial mark of $0.30. The CMP is placed at $0.286548 with the market capitalization of $796,469,877 and the 24-hour volume traded of $14,054,128. The MIOTA/BTC pair is also performing positive with an overall gain of 1.43% bringing the current level to 0.00002241 BTC. If the digital asset is able to sustain this positive move, it can target to reclaim the level of $0.30.