{"id":368212,"date":"2019-01-15T08:00:09","date_gmt":"2019-01-15T08:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=368212"},"modified":"2019-01-15T06:25:58","modified_gmt":"2019-01-15T06:25:58","slug":"crypto-market-wrap-minor-recovery-in-5-billion-bounce","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-market-wrap-minor-recovery-in-5-billion-bounce\/","title":{"rendered":"Crypto Market Wrap: Minor Recovery in $5 Billion Bounce"},"content":{"rendered":"
A minor rebound has occurred over night which has pushed total market capitalization back over $120 billion. It is nothing to get excited about though as things are still way down on the week and the fifteen day old year.<\/p>\n
Bitcoin clung on to support at the $3,600 by its digital fingernails for a day before one \u2018Bart shaped\u2019 pump sent it back to $3,700 again. The trading range has been maintained for now and Bitcoin is still sideways on the four hour chart for the past couple of weeks. Since the big dump a month ago<\/a> today BTC has made 15%.<\/p>\n Ethereum has bounced back a little better with an 8% gain on the day taking it just below $130. Constantinople<\/a> is due tomorrow and the hard fork could usher in more short term gains for ETH. The gap to XRP in second has now shrunk to just $200 million as Ripple\u2019s token only managed to claw back 2.5% on the day.<\/p>\n Altcoins in the top ten are all green at the time of writing with Ethereum leading the bounce. EOS has made the next best move gaining 6% back over the past 24 hours to around $2.45. Bitcoin Cash, Litecoin and Tron have all recovered 4-5 percent on the day, Bitcoin SV has hardly moved.<\/p>\n Neo and Maker are driving gains in the top twenty right now with 6-8 percent. Cardano, Iota, Binance Coin and Monero are adding around 5% each at the time of writing.<\/p>\n Augur and Quarkchain are getting a big dose of fomo today as they both pump over 25%. WAX and Chainlink are also posting double digit gains during the Asian trading session. There are very few altcoins in the red right now aside from ODEM and a couple of stablecoins dropping fractions of a percent.<\/p>\n