- Cryptocurrency market added $5 billion; current market cap sits at $131 billion
- EOS and Litecoin post strong gains on the back of the mini-rally
- Bitcoin currently hovering around the $3,900 price level
Crypto market added $5 billion overnight as it expanded its total market cap to $131 billion on March 6, 2019. The majority of the cryptocurrencies are trading in green led by strong gains in EOS and Litecoin (LTC).
The global crypto market retreated to the bull’s territory on March 6, 2019, as major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), XRP, Litecoin (LTC), EOS, XLM, and Binance Coin (BNB) took a turn north on the charts posting impressive gains.
The market experienced a minor bump early morning on March 6 when its total market cap plunged to $126 million and dragged bitcoin to sub $3,700 level. This was accompanied by a spike in the 24-hour trading volume which reached more than $50 million signifying a busy time for crypto exchanges the world over.
As is generally the case, the mini-rally led by bitcoin was also followed by the altcoins in the market. Ignoring the small market cap altcoins which usually pump exorbitant returns in the range of 40-50 percent, major altcoins such as EOS and LTC emerged as the top gaining altcoins.
Smart contracts platform and Ethereum rival EOS has surged by almost 14 percent in the past 24-hours. The altcoin currently sits at 4thposition on the CoinMarketCap crypto table with a market cap of $3.3 billion and 24-hour trading volume of $2.42 billion. At the time of writing, the token trades at $3.71.
Mirroring the upward trend of EOS was Charlie Lee founded altcoin Litecoin.
The cryptocurrency currently sits at 5thposition on the CoinMarketCap crypto table with a market cap of $3.2 billion and 24-hour trading volume of $2.1 billion. At press time, the token trades at $53.36, up 13.6 percent from its price a day ago.
Notably, Litecoin recently entered into a partnership with the premier kickboxing league called GLORY.
Following the aforementioned altcoins was Ether which appreciated by almost 7 percent to $137. The smart contracts platform recently underwent its long-awaited Constantinople hard fork which saw its block time drop to a record low of 12 seconds.