Bitcoin Hover Over $11,800 as Top Cryptos See Gains

Most of the top 20 cryptocurrencies are reporting moderate to significant gains on the day as bitcoin hovers around $11,800.

Saturday, June 29 — most of the top 20 cryptocurrencies are reporting moderate to significant gains on the day by press time, as bitcoin (BTC) hovers over under the $11,800 mark again.

Market visualization courtesy of Coin360

Bitcoin is currently up about .14% on the day, trading around $11,830 at press time, according to Coin360. Looking at its weekly chart, the coin is up over 13%.

Bitcoin 7-day price chart. Source: Coin360

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $32.5 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $17.6 billion at press time.

Coin360 data shows that ETH has seen its value increase by about .6% over the last 24 hours. At press time, ETH is trading around $306. On the week, the coin has also gained over 3.2% of value. 

Ether 7-day price chart. Source: Coin360

XRP is up by over 2% over the last 24 hours and is currently trading at around $0.421. On the week, the coin is down nearly 6%.

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, the coin reporting the most notable gains is chainlink (LINK), which is up over 69% in the 24 hours to press time.

As Cointelegraph reported earlier this week, major cryptocurrency exchange Coinbase Pro has added support for Chainlink. Also, earlier this month news broke that the Google Cloud team has integrated Chainlink’s oracle middleware with its BigQuery enterprise cloud data warehouse, allowing for an on-chain and cloud-based interaction with Ethereum decentralized applications and smart contracts.

At press time, the total market capitalization of all cryptocurrencies is $338.7 billion, over 2.8% higher than the value it reported a week ago.

Recently that veteran trader and author Peter Brandt predicted that bitcoin will continue to grow but altcoins will not feel the benefits.

from Cointelegraph.com News https://ift.tt/2XE6335