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Current performing altcoins are Ethereum Classic, Binance Coin, Qtum and Bitcoin Diamond.
The massive selloff that initiated with a big crypto dump on Sunday has continued into the week. Monday witnessed further losses and those have bot extended into today spil markets proceed to fall. Bitcoin has reached what could be a improvised bottom at around $6,850, it has leveled off and clawed back around a procent overheen the past 24 hours. Ethereum is still pulling down, down to around $530 where it seems to have leveled out for now. After the striking altcoins have taken ter the past 48 hours they seem to have reached a plateau however many are still falling and there is a lotsbestemming of crimson across the boards. There is only one big pump going on today and that is Ethereum Classic.
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Coimmarketcap is reporting a 25% spike for ETC which commenced 3-4 hours ago. Presently trading at around $16.Ten Ethereum Classic hopped from $13 this time yesterday. Looking back at the week ETC has clawed back all losses from the crash, it wasgoed trading at around $15 this time last Tuesday. Overheen the month however Ethereum Classic is still down around 6% despite this current surge. It wasgoed trading at around $17 this time last month. Against Bitcoin ETC has gained 21% on the day to trade at 231800 satoshis from 192000 sats this time yesterday. Weekly gains on BTC have bot closer to 13%, up from 202000 satoshis this time last week.
The big pump has come from the Coinbase announcement that it will soon be supporting Ethereum Classic and adding the altcoin to its listings. The company blog stated,
“We are pleased to announce our intention to add support for Ethereum Classic (ETC) to Coinbase ter the coming months. Wij are announcing this both internally and to the public consistent with our process for adding fresh assets.”
Spil traders leaped te on the act Binance announced that it would also be listing Ethereum Classic/Tether and ETC/BNB pairings,
Most of the trade volume at the ogenblik is being treated by OKEx with around 25% of the total. Binance is the 2nd most popular exchange with the only pairing it suggested up until an hour or so ago, ETC/BTC. Trade volume has spiked from $187 million to $440 million ter 24 hours and market cap for Ethereum Classic has risen to $1.6 billion pushing it up to Legitimate th spot.
ETC is the only bright spot te a bearish market at the ogenblik. Total capitalization has remained level on the day at around $300 billion but has shed $50 billion overheen the past three days. Most altcoins are still falling however one or two are performing during Asian trade this morning and they include Binance Coin up 10%, Qtum climbing 5%, and Bitcoin Diamond 9% higher.
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More on Ethereum Classic can be found here: https://ethereumclassic.org/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.