{"id":35313,"date":"2019-02-24T07:18:43","date_gmt":"2019-02-24T06:18:43","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=35313"},"modified":"2019-02-24T07:22:19","modified_gmt":"2019-02-24T06:22:19","slug":"cryptocurrency-markets-hit-new-2019-high-as-rally-resumes","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/cryptocurrency-markets-hit-new-2019-high-as-rally-resumes\/","title":{"rendered":"Cryptocurrency Markets Hit New 2019 High as Rally Resumes"},"content":{"rendered":"<p>Many expected Bitcoin to hit resistance at $4,000 and fall back again in a pattern repeated countless times this year. Instead it has broken through it and settled at the 200 moving average level at around $4,200. This movement has pulled the rest of the altcoins up to a new 2019 high in terms of market cap.<\/p>\n<p>It seems as though CNBC has jinxed things yet again with another famous prediction in the opposite direction;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin trading within inches of the $4,000 mark, but <a href=\"https:\/\/twitter.com\/jimiuorio?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">@jimiuorio<\/a> says there could be a breakdown ahead <a href=\"https:\/\/t.co\/WRdoqnTwdk\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/WRdoqnTwdk<\/a><\/p>\n<p>&mdash; CNBC Futures Outlook (@FuturesOutlook) <a href=\"https:\/\/twitter.com\/FuturesOutlook\/status\/1098647243387748352?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">February 21, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Markets are currently trading at their highest levels this year and at a market cap close to the Christmas Eve rally that took it to $146 billion. In the past 12 hours or so around $9 billion has been pumped in to cryptocurrencies pushing markets to a 2019 high of $144 billion. Daily volume is back over $30 billion once again and OKEx and <a href=\"https:\/\/ethereumworldnews.com\/venture-investor-binance-systemically-important-crypto\/\">Binance<\/a> are the leading two exchanges with around a billion dollars in trade a piece.<\/p>\n<p>Bitcoin has commanded things again as it broke through crucial resistance a few hours ago. It is currently trading at $4,190, up 5.2% on the day. The crypto twittersphere appears to be more excited about this than when BTC was hitting new highs back in 2017. A move to $5,000 would signal that <a href=\"https:\/\/ethereumworldnews.com\/tradingview-community-is-bullish-about-bitcoin-btc-has-bottomed-top-contributor-says\/\">the bottom is in<\/a> and the crypto winter is starting to thaw.<\/p>\n<p>The two crypto assets dominating things at the moment are Ethereum and EOS. Ethereum has surged around 12% on the day as it hits $165. Daily volume is up to $5 billion which is what we were getting for Bitcoin a month or so ago. <a href=\"https:\/\/blog.ethereum.org\/2019\/02\/22\/ethereum-constantinople-st-petersburg-upgrade-announcement\/\" rel=\"nofollow noopener\" target=\"_blank\">Constantinople and Petersberg upgrades<\/a> are due this week which is likely to be driving ETH momentum.<\/p>\n<p><a href=\"https:\/\/ethereumworldnews.com\/eos-and-litecoin-leading-the-way-as-crypto-rally-resumes\/\">EOS is the other big mover<\/a> at the moment as it also adds 12% and reaches $4.30. Since the beginning of the year EOS has made an impressive 67% recovery and cemented itself as the fourth largest cryptocurrency. Litecoin is also having a ball today as it pumps a further 7% as it pushes past $52.<\/p>\n<p>NEO is getting some action during the current trading session as it surges 20% to $10.60. Likewise with Maker which has been performing solidly this month. MKR is up 14% today to $760 and a whopping 100% since the beginning of February. Ontology also needs a mention as it is the top performing altcoin at the moment with a massive surge of 30% as it reaches twentieth spot with a market cap of $386 million.<\/p>\n<p>It is a happy Sunday in crypto land as the bulls are back in play.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many expected Bitcoin to hit resistance at $4,000 and fall back again in a pattern repeated countless times this year. Instead it has broken through it and settled at the 200 moving average level at around $4,200. This movement has pulled the rest of the altcoins up to a new 2019 high in terms of market cap. It seems as though CNBC has jinxed things yet again with another famous prediction in the opposite direction; Bitcoin trading within inches of [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":35316,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,947],"tags":[1118,207,1322,1805,3536,114],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/35313"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=35313"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/35313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/35316"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=35313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=35313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=35313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}