The attention that the cryptocurrency markets is currently attracting can be mostly attributed to the price surge in Bitcoin [BTC]. However, since the beginning of this week, all major altcoins including Ethereum, XRP, Bitcoin Cash [Cash], Binance [BNB] coin, Tron [TRX], Stellar [XLM] and so on have firmly established their presence as well.
Furthermore, as Bitcoin continued to trade below $8350, and no more highs were recorded, the altcoin dominance grew too. On a daily scale, all the altcoins traded in the green in the past day. The percentage dominance of Bitcoin fell by almost 5% from 60%. It corresponds to almost $12.5 billion disparity created in a day.
The rise on all altcoins was in double digits early on 16th May 2019. While the top altcoins continued their unprecedented rise, the Mid-Cap and Small-Cap altcoins gained equivalently on a daily scale.
Altcoin Vs BTC percentage Gains on a daily Scale (coin360)
Ether [ETH], Bitcoin Cash [BCH] and Litecoin [LTC] Reach New Milestones
The rise on Ethereum [ETH] has been extremely bullish since the past couple of days. Ethereum broke above the $250 resistance as well as. The price of Ethereum at 4: 30 hours UTC on 16th May 2019 is $263. It is trading higher 18% on a daily scale. On a weekly scale, the rise since 13th May is 43%.
ETH/USD 1-Day Chart on Coinbase (TradingView)
Litecoin [LTC] broke $100 mark while Bitcoin Cash [Cash] also broke above $400. The price of BCH and LTC at 4: 30 Hours UTC on 16th May is $102 and $425 respectively.