Cryptocurrency market update: Bitcoin’s bulls are back in action

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Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

On July 02th, 2019, the cryptocurrency market was under the massive bearish correction. The bitcoin’s value falls down below the mark of $10,000 USD and were trading around the value of $9,700. All other cryptocurrencies and altcoins were also suffering from a similar fate. The bitcoin value suffered the correction of 30% in the cryptocurrency market.

Today, the time of yesterday’s correction has passed and now bulls are getting back in action again. The bulls are really coming back and just in few hour time, the currency gained an increase of around $1,800 USD. The currency’s value is increased by 20%, which shows that bulls are back with enormous power again. The value of the Bitcoin is now trading above the figure of $11k.

Bitcoin is enjoying bullish movement again, but it is alone that is enjoying the bullish sentiment. The other cryptocurrencies are also enjoying the powers of bulls. Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, VeChain and TRON are also gaining a surge in their trading value.

Current Bitcoin Status: Currently, at the time of writing, Bitcoin was trading at the value of $11,087.84 USD and its value is increased by 9.44%. The market capitalization of the bitcoin is $197,309,159,118 USD and the 24-hour volume of the currency is $31,271,520,341 USD.
The market capitalization of the cryptocurrency market is around $318 billion, and the 24-hour volume of the crypto market is around $91 billion.

On the other hand, the second position cryptocurrency in the market, Ethereum is also experiencing the bullish sentiment and now it is currently trading at the value of $293.72 USD and its value is increased by 4.69%. While yesterday, it was trading at a value of $277.42. The market capitalization of ETH today is $31,352,734,661 USD and the 24-hour volume of the currency is $10,300,355,481 USD.

While Ripple is trading at the bullish value of $0.400450 USD and its value is increasing by 1.82%. The market capitalization of the currency is $17,045,804,730 USD and the 24-hour volume of the currency is $1,500,669,545 USD. Litecoin has also gained bullish movement and trading at the value of $120.37 USD and its value is surge by 3.62%. The market capitalization of the LTC is $7,522,792,126 USD.

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