Market Cap Stabilizes At $276 Billion: New Movements Are Possible

The market cap stabilizes as Bitcoin finds support in the $8,700 region and altcoins are following the traction. This is what is viral in the latest cryptocurrency news and the current situation on the market, which managed to add billions to it as it jumped to a daily high of $276 billion.

Currently, Bitcoin’s dominance sits at 55.9% which is in the normal zone from the perspective of many altcoins. In other words, Bitcoin is not that big of a leader when it comes to positive movements but is definitely the main coin that has sparked the action this week. As the market cap stabilizes and finds support before hitting $280 billion, analysts believe that we can see a new movement very soon.

In the coming altcoin news, we can see that the largest altcoin by market cap, Ethereum (ETH), is relatively stable with less than 1% increase on the day, trading at $271. What follows are Ripple (XRP) and Bitcoin Cash (BCH) which are also posting 1% gains daily as the market cap stabilizes, trading at $0.44 and $446 respectively. It’s worth to note that Bitcoin Cash has moved a lot over the past few weeks and is definitely one of the top performing altcoins.

The negative altcoin news show minuses in the price of EOS (EOS) which has dropped by 5% overnight as well as Bitcoin SV (BSV) which is in a minimal decline of less than 1% right now. While EOS trades at $7.91, BSV is at $191 as the market cap stabilizes and finds new support.

Perhaps one of the biggest traction is seen in the Tron (TRX) altcoin, which managed to rise by 13% overnight, posting amazing gains and climbing to $0.04 – which is how it went in the headlines of many best cryptocurrency news sites.

There have been a lot of positive news and crypto tidbits which helped the prices on the market. The news that AT&T accepted Bitcoin, Grayscale Ethereum Trust launched publicly and Coinbase is considering margin trading all helped the increase and pushed the prices higher.

With a number of 2216 cryptocurrencies and a lot of positive traction, the market cap stabilizes and shows that it is ready for a new week full of gains.