Over a dozen of the top 100 cryptocurrencies by market capitalisation are showing double-digit gains this morning for the last twenty-four hours in what appears to be a sign that crypto-markets are re-establishing some confidence.
VeChain (10.19%), Monero (11.68%), PundiX (12.92%) and Komodo (17.5%) are amongst the big name gainers of this latest resurgence. However, the biggest 24 hour winner is Bitcoin Dark which is currently displaying gains of over 350% for reasons which are not entirely clear.
NEO, NEM, Waves and Verge all are showing gains in the range of 6-7%. On the other hand, half of the top ten cryptos are displaying losses over the same period – albeit modest – with Ethereum down 1.13% and XRP losing 0.88%.
Exchanges Showing Dips in Volume
Ironically, trading volume on the top 20 major exchanges have largely dipped over the same period although a small handful – including Binance, Bibox and Bitthumb – are showing an increase in activity.
Whilst it is too early to make the call, it appears that bears have been shaken out of the market with bulls now beginning to dominate once more.
Positive momentum in the crypto-markets appears to be gaining overall in recent days, with the total market cap of all crypto assets having climbed over $20 billion over the course of the last week.