Bitcoin (BTC) Bullish Run Setting Tough Standards for its Peers
Bitcoin (BTC) hitting the market with the astonishing scale of prices. Bitcoin’s horoscope says that the Bull Run will be in favor of the market. So, by comparing the statistics as on 10th April at 7:59 UTC time, we observe that Bitcoin is currently trading at 5,246.60 with a market cap of 92,537,177,871 USD. The 24h volume is 14,112,724,949 USD with a circulating supply of 17,637,562 BTC.
When the guns of the crypto market were triggered, it was then that prices of cryptocurrencies started showing a sudden boom in the market. The price (USD) as on 1st April was 4,134.42 with a market cap of 72,850,636,260 USD. Today it is $1112.18 higher than the point of the race.
Also as per the graph above by the Coinmarketcap, we see that it’s from last two months since the start of 2019 that BTC has been showing an increasing trend in the prices. Needless to comment about the favoring bulls for Bitcoin but the same has raised the bars and set high standards for peer coins to escalate the race and match shoulders.
This brings us to have a glance at the data of the top 3 streaming crypto coins:
Market Cap is one of the vital factors for the ranking of the cryptocurrencies in the market is the product of circulating supply and price (USD). Now, when comparing the stats, we see that Bitcoin generates the highest Market Cap. On the other hand, the 24h change in the price (USD) today is 0.23% less than yesterday.
Today, Ethereum that ranks on the 2nd position in the list is 1.06% more than what it was yesterday; again the gap of price (USD) between the top 3 positions of crypto coins is hugely favoring Bitcoin.
Though the circulating supply of XRP is the highest of the three, is also another vital factor for the Market Cap to rank. Comparing the price (USD) of XRP with Bitcoin, the difference between the two and their ranks are worth giving a thought.
Still, Bitcoin leads the rally due to its ever running trading price (USD) being the hottest on the board and in investors portfolios.
