Crypto Market Upbeat, Led by Bitcoin’s 2.08 Percent Growth

Dec 12, 2018 at 22:21

The entire crypto market is in an upward trend led by Bitcoin’s 2.08-percent growth to $3,520 value and a market cap of $60.7 billion.

Despite the said development, data compiled by DailyFX noted that traders continue to reduce their exposure to the premiere cryptocurrency, while the number of those betting against it is growing.

“Retail trader data shows 70.1 percent of traders are net-long with the ratio of traders long to short at 2.35 to 1. The percentage of traders net-long is now its lowest since Nov. 28 when Bitcoin traded near $4,200.66,” Nancy Pakbaz, an analyst from the DailyFX, said.

EOS experienced the biggest growth at 5.43 percent to $1.96 per piece and a market cap of $1.7 billion.

On the other hand, XRP, Ethereum and Stellar followed with $0.31, $88.64 and $0.11, respectively.

Meanwhile, Tether, Bitcoin Cash, and Bitcoin SV went up to $0.99, $96.10, and $91.10, respectively.

Likewise, Litecoin improved by 3.49 percent to $24.68, a piece to a market cap of $1.5 billion as TRON improved by 2.55 percent to $0.01 per piece and a market cap of $891 million.